The most recent Government of Saskatchewan’s Crown petroleum and natural gas public offering has brought in 10,042,112.71 for the province’s coffers. This is considerably better than last year in the same time frame when oil and gas public offerings raised just over $3.1 million.

The Estevan area generated the most interest, raising more than $7.2 million for 23 leases and one exploration license totaling almost 88-hundred hectares.
Bids for leases and licenses in the Lloydminster area brought in more than $1.9 million for this offering while bids in the Kindersley area generated just over 9-hundred thousand dollars.

Millennium Land (222) Ltd. made the highest bonus bid on a parcel in this offering, bidding just under $5 million 56 thousand for a license in the Estevan area, southeast of Radville. This license is prospective for oil in the Ratcliffe Beds.

The highest dollars-per-hectare bid received was $3,342.19 per hectare in the Kindersley area, northeast of Dodsland, and was awarded to Synergy Land Services Ltd.

The province has received $75.5 million in revenue for the 2023-24 fiscal year. This is the final public offering of six this fiscal year and the next scheduled date for a public offering in Saskatchewan is April 2, 2024.