Scott Land & Lease News

For the second time in history, the Alberta government has surpassed the $3 billion mark in total land sale revenue in a calendar year after what appears to be more interest in the Duvernay helped to power Wednesday’s land sale, which added another $298.27 million to the provincial treasury.

Stomp Energy Ltd. produced the land sale per-hectare high of $10,106 for a 4,608-hectare licence. The company paid a total bonus of $46.57 million and acquired the rights to several sections at 38-08 W5.

http://www.dailyoilbulletin.com/issues/article.asp?article=dob%5C110922%5Cdob2011_sm0023%2Ehtml

The SRD is proposing to release new and improved Application Supplements before the end of the year and has made some additional changes to the EAP process. These new supplements will be improved to match the Integrated Standards and Guidelines, however there could be delays as there have been in the past when changes to the SRD processes are rolled out. We are advising our clients to allow sufficient turnaround time for their Crown Land Acquisitions applications to make it through the system during this upcoming busy season. If you have any questions about the proposed changes, please contact our Crown team at 780-702-5675 and they will assist you with your application filing needs.

The sale of Crown drilling rights on Wednesday brought in $153 million, putting the Alberta treasury just over the $2-billion mark for 2011. “It’s nice to see another $150 million Alberta sale – we’re starting to get used to them,” said Gregg Scott, president of Scott Land and Lease…

http://www.calgaryherald.com/Drilling+rights+total+hits+billion/5168842/story.html

Gregg Scott comments on the bids that were successful in the plains in southern Alberta, to the Foothills and into the province’s north. “The noticeable thing is that you have various regions all across the province all having significant bids,” said Gregg Scott, of Scott Land and Lease. “It wasn’t all concentrated in one area, which is always encouraging”…

http://www.calgaryherald.com/sports/Drilling+rights+auction+nets+140M/5100123/story.html

Scott Land & Lease brings in the highest of $2.12 million for a drilling lease at the June 15, 2011 Alberta Land Sale.

http://www.calgaryherald.com/Alberta+land+sale+brings/4952723/story.html

Alberta took in $842 million from its largest sale of oil and gas drilling rights on record at the June 1, 2011 Alberta Land Sale. Canadian Coastal Resources, won with a bid of $57 million or nearly $14,400 per hectare…

http://www.calgaryherald.com/business/Drilling%2Brights%2Bfetch%2Brecord%2B842M%2BAlberta/4876800/story.html

Heightened interest in the southwest’s Shaunavon oil play has significantly boosted revenue from the latest sale of Crown petroleum and natural gas rights at the April 11, 2011 Saskatchewan Land Sale. Scott Land & Lease paid the top price of $1,826,410.32 for a single parcel of land for an exploration licence three kilometres east of Frontier…

http://www.theshaunavonstandard.com/news/local-news/286-lower-shaunavon-interest-helps-boost-land-sales.html

Scott Telecom on behalf of its telecommunications client is working through the Industry Canada Process to have a new 30-metre telecommunications tower go up in an industrial area of Langley City…

http://www.langleyadvance.com/news/City+adding+tower/4640432/story.html

Alberta kicked off the first land sale of the current fiscal year with a $109.2-million tally that saw more heavy bidding in the West Central area of the province near Fox Creek. Top bid of $17.9 million went to Scott Land and Lease, which paid $8,736 a hectare for a drilling licence at 60-24 W5M.

http://www.calgaryherald.com/business/Alberta+racks+109M+land+sale/4573466/story.html

This week’s sale attracted $199.9 million on 188,906 hectares at an average price of $1,058. The sale was highlighted by two parcels in northwestern Alberta south of Grande Prairie that combined for nearly $135 million. The large bonus parcels were all acquired by brokers. The Wednesday sale featured a bonus high bid of $96.7 million by Scott Land & Lease Ltd., paying an average of $11,801 per hectare for the 8,192-hectare licence. The broker acquired the rights to several sections at 61-25 W5, 60-25 W5, 60-24 W5 and 61-24 W5.

“Scott Land & Lease acquired 62 per cent of the overall sale including the one very notable licence,” said Gregg Scott, president of Scott Land. “That one parcel would be one of the top highest priced licenses in Alberta history.

“We are on track to have a record year of land sale revenue in Alberta this year. As this is a leading indicator, it bodes well for the drilling and services side going forward.”

http://www.dailyoilbulletin.com/issues/article.asp?article=dob%5C110324%5Cdob2011_mo0033%2Ehtml