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'Phenomenal' oil and gas rights sale sets stage for exploration push in B.C.
Continue to the storyBritish Columbia has raked in a record-breaking $610-million in an oil and gas rights sale, the latest in a series of windfalls driven by a rush of natural gas producers looking to lock up land in the northeastern part of the province. The tally from the one-day sale smashes the old record of $441-million set in May, and puts B.C.'s total land sale proceeds so far this year at $1.58-billion. That surpasses last year's record mark of $1.04-billion, and ranks as among the biggest to date in Canada.