The Government of Saskatchewan’s Crown oil and natural gas public offering held on June 3 raised just over $9.1 million for the province.
The Estevan area generated the bulk of the bids and revenue. Acceptable bids were received on 71 parcels, covering a total area of 12,586.646 hectares.
Bringing in $5,533,373.21 for 34 leases totalling 3,631.861 hectares.
Elk Run Resources Ltd. made both the highest total bid and the highest per-hectare bid, offering $2,361,846.93 for a 291.486-hectare lease southeast of Lampman. That bid works out to an average of $8,102.78 per hectare.
The Lloydminster area generated $1,983,533.17 in revenue for 17 leases and one exploration licence, covering 4,830.780 hectares.
Bids in the Kindersley area brought in $547,467.46, while offers in the Swift Current area totalled $63,721.04.
In all, the June sale raised $9,128,114.78 for the province.
This was the second of six public offerings scheduled for the 2025–26 fiscal year. So far, the government has raised $21,111,246.03.
Multiple factors influence public offering activity, including changes in oil and gas prices, land availability, geological and technological constraints, and various market conditions.