Kindersley Area Brings in $6,273,105.45 For Two Leases & One Exploration Licence
The Government of Saskatchewan’s Crown petroleum and natural gas public offering held on Tuesday, August 8, 2023, has raised $16,689,771.93 for the province.
Of the 111 parcels posted, 92 parcels received acceptable bids. These bids covered 22,060.899 hectares.
The Estevan area brought in $9,022,070.38 for 70 leases and three exploration licences totaling 9,146.727 hectares.
The Kindersley area brought in $6,273,105.45 for two leases and one exploration licence totaling 10,005.237 hectares.
The Lloydminster area brought in $1,394,596.10 for 16 leases totaling 2,908.935 hectares.
The highest bonus bid received on a parcel in this offering is $6,171,216.64. This 9,226.194-hectare exploration licence was awarded to ISH Energy Ltd. and is located in the Kindersley Area.
The highest dollars per hectare received in this offering is $11,040.85/hectare. This 129.519-hectare lease was awarded to Hummingbird Energy Inc. and is located in the Estevan area.
After three of six public offerings this fiscal year, the province has received $37,183,902.32 in revenue. This greatly exceeds the $19.4 million that was budgeted for the entire 2023-24 fiscal year.
The next scheduled date for a public offering in Saskatchewan is October 3, 2023.
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