Alberta sees record 2010 oil and gas land sales

By OGJ editors
HOUSTON, Jan. 17
-- In 2010, Alberta's petroleum and natural gas land sales netted the province $2.38 billion (Can.), exceeding the previous sales record of $1.83 billion (Can.) set in 2005. Land sales revenue was $732 million (Can.) in 2009.

In addition, the July 7 sale netted an average price of $2,185 (Can.)/hectare, exceeding the previous high of $2,085 (Can.)/ha.

Alberta's Energy Minister Ron Liepert said “I credit changes to the royalty structure, particularly the emphasis on using new technologies, for contributing to these record sales.”

“These historic land sale results solidify Alberta’s status as the jurisdiction for industry to invest,” Liepert added.

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