There's never been a better time to Buy BC and support local growers, producers and the food we love right here in BC.  Explore Buy BC products
Government of B.C. Government of B.C. Government of B.C. Government of B.C. BC Gov News
  • Skip to main content
  • Skip to footer
Live Webcast
  • News  
  • News  
  • By Ministry
    • Office of the Premier
    • Agriculture and Food
    • Attorney General
    • Children and Family Development
    • Citizens' Services
    • Education and Child Care
    • Emergency Management and Climate Readiness
    • Energy and Climate Solutions
    • Environment and Parks
    • Finance
    • Forests
    • Health
    • Housing and Municipal Affairs
    • Indigenous Relations and Reconciliation
    • Infrastructure
    • Intergovernmental Relations Secretariat
    • Jobs, Economic Development and Innovation
    • Labour
    • Mining and Critical Minerals
    • Post-Secondary Education and Future Skills
    • Public Safety and Solicitor General
    • Social Development and Poverty Reduction
    • Tourism, Arts, Culture and Sport
    • Transportation and Transit
    • Water, Land and Resource Stewardship
  • Subscribe
Live Webcast
By Ministry
  • Office of the Premier
  • Agriculture and Food
  • Attorney General
  • Children and Family Development
  • Citizens' Services
  • Education and Child Care
  • Emergency Management and Climate Readiness
  • Energy and Climate Solutions
  • Environment and Parks
  • Finance
  • Forests
  • Health
  • Housing and Municipal Affairs
  • Indigenous Relations and Reconciliation
  • Infrastructure
  • Intergovernmental Relations Secretariat
  • Jobs, Economic Development and Innovation
  • Labour
  • Mining and Critical Minerals
  • Post-Secondary Education and Future Skills
  • Public Safety and Solicitor General
  • Social Development and Poverty Reduction
  • Tourism, Arts, Culture and Sport
  • Transportation and Transit
  • Water, Land and Resource Stewardship

Energy and Climate Solutions

$41 million for March petroleum and natural gas sale

Share

More from this Ministry
Honourable Adrian Dix

Honourable Adrian Dix

Honourable Adrian Dix

Read Bio

Contact

Email: EMLI.minister@gov.bc.ca

close menu Energy and Climate Solutions

B.C. makes heat pumps more affordable for people with low incomes

April 9, 2025 12:30 PM
Adrian Dix, Minister of Energy and Climate Solutions
The Province is making electric heat pumps more affordable for low- and moderate-income households, including renters and those who live in multi-unit residential buildings.
  Read More

B.C. eliminates carbon tax

March 31, 2025 11:00 AM
ALL NEWS FROM THIS MINISTRY
More from this Ministry
  • Factsheets & Opinion Editorials
  • Search News
  • Minister's Bio
  • Skip to main content
  • Skip to footer
Print

Energy and Climate Solutions

British Columbia News

$41 million for March petroleum and natural gas sale

https://news.gov.bc.ca/04121

Share

News Release

Victoria
Thursday, March 28, 2013 3:00 PM

Share

News Release

Victoria

Thursday, March 28, 2013 3:00 PM

More from this Ministry

  • Factsheets
  • Ministry Website
  • Ministry Photos
  • Ministry Videos

Featured Topics

  • CleanBC
  • Climate Preparedness and Adaptation Strategy
  • Climate Accountability
  • Carbon Pricing

Featured Services

  • B.C. Output-Based Pricing System
  • B.C. Provincial Inventory of Greenhouse Gas Emissions
  • CleanBC Industry Fund

The March 2013 petroleum and natural gas rights sale resulted in over $41 million in bonus bids, bringing the fiscal year total to over $115,240,077.

The March sale offered 25 parcels in northeast B.C. covering 13,660 hectares. Nineteen parcels were sold with an average price of approximately $3,550 per hectare.

Key parcels in this month's sale included:

  • One drilling licence and five leases in the Aitken Creek - Beg area, about 100 kilometres northwest of Fort St. John. Collectively, these six parcels earned more than $11 million in tender bonus at prices ranging from $4,090 to $6,298 per hectare.
  • Three drilling licences and one lease in the Nig Creek area, about 115 kilometres northwest of Fort St. John. Collectively, these four parcels earned more than $24 million in tender bonus at prices ranging from $2,784 to $3,926 per hectare.
  • One lease in the Blair Creek area, about 100 kilometres northwest of Hudson's Hope. This lease earned more than $1.8 million in tender bonus at a price of $6,388 per hectare.

Petroleum and natural gas activities play a vital role in B.C., generating significant wealth and employing thousands of British Columbians. Revenues from rights sales provide immediate economic benefits, funding social programs and infrastructure development in communities throughout the province.

The next sale, scheduled for April 24, 2013, will offer 20 parcels covering 19, 319 hectares.

Quote:

Rich Coleman, Minister of Energy, Mines and Natural Gas -

"This month's land sale is another sign that our natural gas is stimulating interest from both Canadian and international investors. We've created a positive climate for growth and business development, creating jobs and economic opportunities that will benefit British Columbians for generations to come."

Quick Facts:

  • Leases provide the exclusive right to produce petroleum and natural gas. They are acquired by the successful bidder at the Crown sale, or selected from permits and drilling licences. Primary terms are five or 10 years, depending on location.
  • Drilling licences provide the exclusive right to explore for petroleum and natural gas by drilling wells; they are acquired by the successful bidder at the Crown sale; primary terms are three, four or five years depending on location.

Learn More:

Complete results of the sale are posted at: http://www.empr.gov.bc.ca/Titles/OGTitles/SaleResults/Pages/default.aspx

British Columbia's Natural Gas Strategy: Fuelling B.C.'s Economy for the Next Decade and Beyond guides and supports important development with a total of 50 action items to help grow and diversify B.C.'s natural gas sector. This report can be found at: http://www.empr.gov.bc.ca/OG/NGS/Pages/default.aspx

The LNG Strategy One Year Update report can be found on the Ministry of Energy, Mines and Natural Gas website at: www.gov.bc.ca/ener

Contact:

Sandra Steilo
Ministry of Energy, Mines and Natural Gas
250 952-0617


https://news.gov.bc.ca/04121

Related Articles

B.C. makes heat pumps more affordable for people with low incomes

April 9, 2025 12:30 PM

B.C. eliminates carbon tax

March 31, 2025 11:00 AM

CleanBC review launched to strengthen climate action, results for people

May 7, 2025 12:30 PM
BC Gov News

Connect with the Ministry

Photos

View the Ministry's latest photos on Flickr.

Videos

Watch the Ministry's latest videos on YouTube.

The B.C. Public Service acknowledges the territories of First Nations around B.C. and is grateful to carry out our work on these lands. We acknowledge the rights, interests, priorities, and concerns of all Indigenous Peoples - First Nations, Métis, and Inuit - respecting and acknowledging their distinct cultures, histories, rights, laws, and governments.

Government of B.C. Government of B.C.

We can help in over 220 languages and through other accessible options.   Call, email or text us, or find a service centre.

Connect with Us

  • Subscribe
  • Social and RSS

More Info

  • BC Gov
  • Disclaimer
  • Privacy
  • Accessibility
  • Copyright
  • Contact Us

© 2025 Government of British Columbia