With the recent 2017-18 Budget announcement, programs and services affected will be updated shortly. Posted March 22, 2017

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

The results of software-based translation do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos, and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Public Offerings of Petroleum and Natural Gas Rights Total $50 Million for 2016-17 Fiscal Year

Released on February 9, 2017

Tuesday’s public offering of Saskatchewan’s Crown petroleum and natural gas rights raised $1.7 million for the province, bringing the total for the 2016–17 fiscal year to $50 million.

This was the last public offering of the current fiscal year, with the total surpassing the $43 million raised in the previous fiscal year.

“This is an indicator that a tough, forward-looking industry continues to see opportunities for oil and gas development in Saskatchewan,” Energy and Resources Minister Dustin Duncan said.  “Saskatchewan is considered one of the world’s top jurisdictions for petroleum investment.  We continue to work on building that reputation and improving our capabilities to meet the needs of the industry to help grow our economy.”

Among the reasons for Saskatchewan’s strong reputation is the Integrated Resource Information System (IRIS)—the result of a six-year program to replace the Ministry of the Economy’s aging computer and paper-based systems related to the oil and gas industry.

Since its implementation in 2015, IRIS has significantly enhanced service provided to the industry.  It allows companies to conduct a comprehensive range of business and regulatory tasks online with the Government of Saskatchewan via web-based, self-service functionality 24 hours a day, seven days a week.

A detailed overview of the benefits of IRIS can be viewed online at http://publications.gov.sk.ca/details.cfm?p=84098.

Tuesday’s public offering saw four leases located north of Lampman receive bonus bids totalling $537,079 for 583 hectares; these parcels are prospective for multiple targets including the Midale and Frobisher-Alida Beds of the Madison Group as well as the Bakken Formation.

The highest bid per hectare was $3,201.87 for a 48.564-hectare parcel west of St. Walburg.

The next public offering of petroleum and natural gas rights will be held on April 11, 2017.

-30-

For more information, contact:

Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca

We need your feedback to improve saskatchewan.ca. Help us improve