The Government of Saskatchewan’s Crown oil and natural gas public offering on April 1 raised $11,983,131.25 for the province.
The Estevan area generated the highest revenue, bringing in $8,574,009.92 for 26 leases and two exploration licenses covering 5,905.150 hectares.
Synergy Land Services Ltd. submitted the highest bid and dollars-per-hectare bid, offering $1,533,771.82, or $6,758.55 per hectare, for a 226.938-hectare lease south of Lampman.
The highest bonus bid for an exploration licence in this offering was $856,917.03, averaging $171.68 per hectare. This licence, covering 4,991.362 hectares, was awarded to Elk Run Resources Ltd. and is situated in the Kindersley Area, southwest of Eatonia.
The highest bid per hectare for an exploration licence in this offering was $715.11, totaling $833,156.78. This 1,165.075-hectare licence was granted to Metropolitan Resources Inc. and is located in the Lloydminster Area, southeast of Maidstone.
Bidding in the Swift Current area raised $449,767.82, with Saturn Oil and Gas making the highest offer at $371,643.75.
This was the first of six oil and gas public offerings for the 2025-26 fiscal year. With the next scheduled for June.