The latest public offering of Crown petroleum and natural gas rights, generated $2.1 million in revenue for the province, on Tuesday, October 2.
This brings the total revenue for the 2018/19 fiscal year to $27.2 million.
“We are encouraged by the confidence shown by the oil and gas industry in Saskatchewan’s prospects,” Energy and Resources Minister Bronwyn Eyre said. “The industry continues to see Saskatchewan as a strong choice for long-term investment.”
The offering saw 56 parcels totalling over 7,068.208 hectares purchased, for a total of $2,134,898.07, mainly in the Kindersley area. The highest bonus bid for a parcel was $170,388.33 for 259 hectares north of Eston.
The next public offering of petroleum and natural gas rights will be December 4.