The Estevan area has once again raised the most interest from the latest public offering of oil and gas by the provincial government.
The offering, held on Tuesday, raised $7,208,879.51 for the province with 108 parcels posted and 96 receiving acceptable bids covering a total of 14,374.288 hectares.
That is a drop from the year before, which saw $16,689,771.93 raised for August 2023's public offering.
The Estevan area saw 68 leases bring in $4,716,387.14 over 5,709.704 hectares of land
The Lloydminster area was close behind, generating $1,678,241.23 for 19 leases totaling 3,803.133 hectares.
The Kindersley area also saw some interest, bringing in $814,251.14 in revenue for nine leases totalling 4,861.451 hectares.
Saturn Oil & Gas Inc. had the highest bonus bid, offering $895,408.90 for a 441.778 hectare lease north of Stoughton. That bid came out to $2,026.83 per hectare.
The highest dollars-per-hectare bid was made by Millennium Land (444) Ltd., who offered $7,217.54 per hectare for a 32.410 hectare lease located west of the village of Frobisher.
Saskatchewan has raised $30,077,586.23 in revenue after three public offerings this fiscal year.
The next scheduled offering in Saskatchewan is October 1, 2024.