October oil and gas public offering brings in $7.3 million for province

October’s oil and natural gas public offering netted just over $7.3 million for the province, down over $3.7 million from last year’s October offering.

This month, ninety-three of the 112 parcels posted received bids, covering a total 15,347 hectares.

The Estevan region generated the most revenue at over $5.4 million for 56 leases and one exploration license for a total of 8,330 hectares.

Last year Kindersley generated the most cash flow, collecting $5.8 million for 20 leases and two exploration licenses totaling 7,591 hectares.

The next offering is scheduled for December 3, 2024.