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Tag Archives land leases

A record number of oil companies aren’t paying their rent to landowners, nor the taxes they owe to municipalities.
News

Oil lease defaults hit new record

Landowner compensation claims more than doubled last year and have already doubled again this year

By
For the second year in a row, the number of claims against oil companies defaulting on rental agreements has smashed records. Under Section 36 of the Surface Rights Act, landowners can apply for compensation from the provincial government if an oil company hasn’t paid their surface rental lease. From 2003 to 2014, the board has […] Read more
Crops, News

American farmland titan eyes Canada

Farmers National manages two million acres in the U.S.

By
One of America’s largest farm management and real estate brokerages has expanded into the Canadian Prairies — starting with Alberta. Through a joint partnership with Edmonton-based consulting firm Serecon, Farmers National Company is now “open for business” in Canada. “It seemed like the right fit for the right timing going into the Canadian market,” said […] Read more
Many grazing leases are along the foothills, an area that is also popular with recreationists.
Livestock, News

Auditor general’s report fires up grazing lease debate

The auditor general says ranchers are scooping up millions in payments 
that should go to the province, but leaseholders say that’s nonsense

By
A new report on Alberta’s grazing lease system by the provincial auditor general is throwing fuel on the long-simmering, controversial debate. The report estimates the province could be losing up to $25 million annually by allowing ranchers to keep compensation from energy companies when they drill or lay a pipeline. The report also says the […] Read more

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