The oil and gas rush continues around Fort St. John.
Land sales over rights to oil and gas deposits totaled $43 million, signifying the continuation of the massive oil and gas exploration in the area. Some of the key parcels of the August 2014 sale included drilling licenses in the Buick Creek and Flatrock regions. If successful, petroleum companies can have exclusive rights over vast oil and gas fields for several years.
Fort St. John is considered the heart of British Columbia's oil and gas industry, according to the BC Oil and Gas Commission. Past geographical surveys and petroleum explorations have used the area as a basis for estimating the province's oil and gas reserves. Nominal reserves record roughly four quadrillion cubic feet, but gas-in-place is two-thirds of that amount.
Exploration and development of the new leases will surely fuel the job market, as bringing a well into service can take years to complete. Workers from all corners of the country are flocking to this vibrant cominity and enjoying the high quality of life Fort St John offers. The duration of the oil and gas hunt with such massive reserves will not end any time soon. The wages far exceed most jobs in the south of the provice.
Homebuyers should look to a REALTOR® like Scott Sauer for quality homes for sale in Fort St. John, BC. With business booming in this quaint city, those moving in for work could certainly use some help from professionals knowledgeable in the local area.
Completing a real estate transaction involves four steps: consultation, advice, negotiation, and supervision of all the closing details. The first step is to call Scott toll free 1-855-585-1515 or text 1-250-794-1515 and tell Scott what kind of home you would like to own. He'll work his expertise, namely ten years of real estate experience, to help you buy your dream home without any hitches. He can even seek assistance from his connections in other industries to further expedite the completion of transaction.
Scott will also explain your options in buying a particular house. Listing prices don't mean selling prices; a thorough review of the property will provide you with the necessary info to negotiate the price. Once the contract has been made and signed, Scott will still be by your side, guiding you throughout the post-purchase process. The real estate market is booming with average home prices increasing by about 10% to 12%, Scott will help you find good Fort St. John homes for sale.
(Source: "B.C. oil and gas land sales total CAN$ 3 million," LNG Industry, August 15, 2014)