Driven largely by continued interest in southeast Saskatchewan, the December public offering of Crown petroleum and natural gas rights on posted revenue of $9.6 million.
The sale took place on Tuesday and results were announced on Thursday.
With a sixth and final sale still remaining for the 2017-18 fiscal year, the total is currently $61 million, already above the previous fiscal year-end total of $50 million.
鈥淪askatchewan鈥檚 favourable policy and operating environment provides the industry with the kind of stability it seeks,鈥� Energy and Resources Minister Nancy Heppner said. 鈥淒rilling activity, oil and gas related revenue, and industry investments in new exploration and development are all trending upward in Saskatchewan for 2017. We will do our part to help sustain this growth.鈥�
小蓝视频east Saskatchewan remains a focus of significant industry attention with 80 leases awarded Tuesday, consisting of 6,574.166 hectares and fetching a little more than $5 million.
Spartan Energy Ltd. bid $587,340 for a 129.5-hectare parcel south of Alameda. This parcel is prospective for oil in the Frobisher and Midale beds of the Madison Group.
One lease south of Wilkie in southwest Saskatchewan received a bonus bid of more than $1.6 million for 259 hectares. This lease was purchased by stomp Energy Ltd. and is prospective for oil in the Mannville Group.
The next public offering of petroleum and natural gas rights will be held on Feb. 6, 2018.
