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Oil and gas public offering adds more than $11 million to government coffers

By Vanese M. Ferguson Dec 5, 2024 | 12:02 PM

The Government of Saskatchewan says its Crown oil and natural gas public offering, held just this past Tuesday raised $11,392,502.38 for the province. That is a considerable increase from the same time last year when just over 9-hundred thousand dollars was raised.

The Estevan area generating most of the revenue bringing in $8,088,540.01 for 29 leases totalling just over 3,400 hectares.

Bidding in the Kindersley area reached a total of $2.45 million for six leases and four exploration licenses totalling more than 76 hundred hectares.

The next offering is scheduled for February 4, 2025.