REGINA — The Government of Saskatchewan's Crown oil and natural gas public offering, held on June 3, raised $9,128,114 for the province, with the southeast generating the bulk of the bids and revenue.
Seventy-one parcels received acceptable bids, covering a total area of 12,586.646 hectares.
The southeast brought in $6,533,373 for 34 leases that encompassed 3,631.861 hectares.
In the northwest, the Lloydminster area generated $1,983,553 in revenue for 17 leases and one exploration licence totalling 4,830.780 hectares.
Bids in the Kindersley area brought in $547,467, while offers in the Swift Current area attracted $63,721.
Elk Run Resources Ltd. made the highest bid and dollars-per-hectare bid, offering $2,361,846 for a 291.486-hectare lease southeast of Lampman. The bid works out to an average of $8,102.78 per hectare.
This is the second of six oil and gas public offerings for the 2025-26 fiscal year, over which time the Government of Saskatchewan has raised $21,111,246
The government says several factors affect public offering activity, including changes in oil and gas prices, land availability, geological and technological constraints and various market conditions.
For more information about oil and gas public offerings in Saskatchewan, please visit the section on the provincial government's website.
