Saskatchewan’s public offering of Crown petroleum and natural gas rights held Tuesday generated about $1.9 million dollars in revenue for the province.
This is the first of six oil and gas public offerings for the 2021-22 fiscal year.
The Estevan area was the major focus for bid activity, with leases within the region receiving both the highest bonus bid for a parcel of land as well as the highest dollars per hectare on a lease.
Last year, the first public offering generated slightly less at $1.7 million in revenue. The year before, $1.5 million was raised at this point.
The scheduled date for the next public offering is June 1, 2021.
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