Originally posted 6 September 2016
Sales of oil sands leases since 1 April, the start of the Province`s fiscal year have been weak. As the table below illustrates, except for the June sale, interest has been weak. Land sales remain important as a leading indicator of future energy investment.
|Public Sales Results- Oilsands|
The charts following are taken from the Department of Energy`s webpage disclosing its Petroleum and Natural Gas Sales Statistics. The historical data provide a helpful visual of the cycles that have occurred in the oilpatch over the past 36 years. Continue reading