Posted Aug 15, 2008, 2:25 AM
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Registered User
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Join Date: Jan 2004
Location: White Rock, BC (Metro Vancouver)
Posts: 3,145
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Somehow... it's all about the WOW factor!
Quote:
B.C. announced Thursday a $502-million take, its second-biggest auction of exploration rights ever, behind last month's record $610-million.
This year's total, after just eight months, is $2.08-billion, swelling provincial coffers and already double last year's record.
For natural gas, B.C. is where every big and small energy company wants to be. EnCana Corp., which was active in the most recent auction, said it could produce two billion cubic feet a day of gas from Montney and Horn River, the two hot B.C. plays.
That would be an amount equal to two-thirds of B.C.'s current output and one-eighth of Canada's total, which now comes mostly from Alberta.
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Calendar year to date figures for crown land grant sales:
BC: $2.08 billion
SK: $848 million
AB: $716 million
http://www.theglobeandmail.com/servl...ry/energy/home
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