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.

December Public Offering Generates Largest Revenue Since June 2017

Released on December 7, 2018

A total of $20.1 million in revenue was raised in Saskatchewan’s December public offering of Crown petroleum and natural gas rights held this week, which featured significant attention in the Wilkie and St. Walburg areas.

After the fifth of six public offerings scheduled throughout the fiscal year, the 2018-19 revenue total now stands at $47.3 million with this week’s offering, generating the largest revenue total for a single sale since June 2017.  Results were briefly delayed due to the major power outage that affected much of Saskatchewan on Tuesday.  The sale process was temporarily suspended, then concluded the following day, in order to provide a secure bidding opportunity for industry.

“Saskatchewan continues to be an attractive destination for investment by the oil and gas industry,” Energy and Resources Minister Bronwyn Eyre said.  “Our competitive policies and incentives, designed in collaboration with industry, encourage sustainable activity, job growth, and good resource management.”

Eight exploration licences totalling 17,899.930 hectares were purchased for a total of $15,314,917.28.  Three exploration licences surrounding the Town of Wilkie were purchased for $13,533,909.29; two were purchased by BASM Land & Resources Ltd.  One was also purchased by NRG LandSolutions Inc.

The highest bonus bid for a parcel was $9,126,103.28 for 5,568.500 hectares.  This parcel is located east of Wilkie and was purchased by BASM Land & Resources Ltd.  The top dollars per hectare in this public offering was $5,036.780/hectare for a 64.750-hectare parcel located north of St. Walburg.  This parcel was purchased by BASM Land & Resources Ltd. and is prospective for oil in the Mannville Group.

The scheduled date for the next and final offering for the fiscal year will be February 5, 2019.
-30-


For more information, contact:

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

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