Released on April 10, 2026
The Government of Saskatchewan's first Crown oil and natural gas public offering of the new fiscal year, held on April 7, 2026, generated $12,835,947 in revenue, with bids in the Estevan and Lloydminster areas earning the highest amounts.
Companies bid on 87 parcels across the Estevan, Lloydminster, Kindersley and Swift Current areas, which covers a total area of 20,724.022 hectares.
The Estevan area brought in $5,949,771, followed by the Lloydminster area with $4,531,088.
Meanwhile, the Kindersley area received $2,267,478 worth of bids, while the Swift Current area brought in $87,609.
Whispering Hills Resources Ltd. made the highest bid, offering $1,606,426 for an exploration licence on a 6,859.206 hectare parcel in the Kindersley Area, west of Eatonia.
Millennium Land Ltd.'s two identical bids of $1,223,809 were the highest made for a lease in this offering, each of which were tendered for properties in the Lloydminster area, east of St. Walburg. Each of these leases are nearly identical in size at roughly 515 hectares.
The highest dollars-per-hectare bid came from Tundra Oil & Gas Limited, which offered $12,150 per hectare, for a total of $391,497, on a 32.222 hectare lease east of Lampman in the Estevan area.
Leases are offered with five-year terms and are issued to drill for and produce oil or natural gas. Exploration licences have terms of two to five years and are issued in less developed areas for exploration and production. Several factors affect public offering activity, including oil and gas prices, land availability, geological and technological constraints and various market conditions.
The next offering is scheduled for June 2, 2026. For more information about oil and gas public offerings in Saskatchewan, please visit: Schedule of Public Offerings webpage on saskatchewan.ca.
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