REGINA — The Government of Saskatchewan’s Crown oil and natural gas public offering, held on Feb. 4, raised over $3 million for the province, with the Estevan area generating most of the revenue.
According to a release, 29 parcels were put up for sale in this offering and 25 parcels received acceptable bids, covering an area of 2,753.836 hectares.
In the southeast, the Estevan area generated the most financial interest, bringing in $2.74 million for 16 leases totalling 1,684.452 hectares, the release reads.
The Lloydminster area generated $156,195.20 in bonus bids, while the Kindersley area generated $135,424.75.
Millennium Lands (111) Ltd. made the highest bonus bid and dollars-per-hectare bid at $997,962.23, an average of $6,158.55 per hectare. This was for a 162.045-hectare lease in the Estevan Area, northeast of Midale.
This is Saskatchewan’s sixth and final oil and gas public offering for the 2024-25 fiscal year.
In total the government raised more than $51.8 million.
Recent Comments