Although it was the second largest of the year so far, Wednesday’s sale of Crown petroleum and natural gas rights only brought the year-to-date total to 75 per cent of last year’s pace.
75,000 hectares were sold at an average of $385 a hectare for a total of $29 million in bonus bids.
That’s $9 million less than the first week of April 2013, and brings the year-to-date total to $162.5 million, compared to $217 million a year ago.
The first sale in March was the largest, at $71,000, but others have paled in comparison to 2013’s.
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The next sale is set for April 16th.