Titles Division Information Letter
Crown reserve petroleum and natural gas rights are disposed under section 71 of the Petroleum and Natural Gas Act. Dispositions of Crown owned petroleum and natural gas rights, via public tender, are scheduled to occur once each month. Refer to Information Letter TITLES-09-05, for the Disposition Dates Schedule for 2010.
All parcels that are offered for disposition are requested to be posted (by industry) well in advance of the publication of the Notice of Public Tender for the disposition of Crown petroleum and natural gas rights. Due to the timing of the closing date (for postings), the publication date (for the Notice of Public Tender), and the disposition date, a request to re-post a parcel receiving No Bids or No Acceptable Bids (NB or NAB) under the current schedule, results in the parcel not being offered for disposition again for three or four months.
Commencing in 2010, a new option will be available that will accommodate requests to re-post NB or NAB parcels for the earliest disposition date, as the schedule permits. A new category called “NB or NAB Closing Date” is added to the Disposition Dates Schedule. The NB or NAB Closing Date represents the last day a request to re-post a parcel receiving NB or NAB will be accepted. The parcel will be added to the earliest Notice of Public Tender that hasn’t already been published, as the schedule permits. This new option will provide an opportunity for NB or NAB parcels to be offered for disposition again earlier compared to the previous business process.
In the event a parcel offered for disposition receives No Bids or No Acceptable Bids on the day of the disposition, those lands can be requested to be re-posted for the next available disposition of Crown petroleum and natural gas rights, as the Disposition Dates Schedule permits. Requests to re-post NB or NAB parcels will be received up to and including the NB or NAB Closing Date as listed in the schedule.
The parcel description for a parcel requested for re-posting due to NB or NAB must be identical to the description of the parcel receiving No Bids or No Acceptable Bids. No changes to the NB or NAB parcel description will be accepted. Requests for re-postings must be submitted via facsimile in accordance with Instructions for Submitting a Posting or Re-Posting Request which can be reviewed at the following link: http://www.empr.gov.bc.ca/Titles/OGTitles/SalesNotices/Pages/Instructions.aspx
Re-posting requests cannot be made using Petroleum Titles Online.
For further information contact:
Oil and Gas Titles Branch
Titles Division
PO Box 9326, Stn Prov Gov’t
Victoria, BC V8W 9N3
Telephone: (250) 952-0333
Facsimile: PNGTitles@gov.bc.ca
Lisa Nye
Executive Lead
Titles Division
September 15, 2009