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.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs