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Crown petroleum and natural gas rights sales at 75 per cent of 2013's pace

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.

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