Auctions record resource in Alberta
Friday, March 31st, 2006Alberta collected record revenues from Crown land auctions in the 2005-06 fiscal year, raking in more than $3.4 billion, the province said yesterday.
Public offerings of oil and natural gas rights are held every two weeks in Calgary, with industry bidding on mineral rights through a competitive sealed-bid auction process.
Energy Minister Greg Melchin said the auctions [...]