Government of Saskatchewan ministries, Crown corporations and organizations are working to minimize the impacts of the postal service disruption.
Les ministères, les sociétés d’État et les organismes du gouvernement de la Saskatchewan travaillent à réduire au minimum les répercussions de l’interruption des services postaux.
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Released on August 8, 2025
The Government of Saskatchewan's latest Crown oil and natural gas public offering, held on August 5, 2025, has generated more than $24 million in revenue, the largest amount earned from such offerings in more than a decade.
In total, bids for oil and natural gas leases and exploration licences generated $24,312,738.26. The last time a public offering for oil and natural gas rights reached or exceeded that amount was in August 2014, when bids generated $48.4 million.
"I am pleased to see this strong uptake in the Ministry of Energy and Resource's bi-monthly public offering process for Crown oil and gas land," Energy and Resources Minister Colleen Young said. "The oil and gas sector is a pillar of our province's economy and it continues to generate exploration interest. As Saskatchewan's resources generate more investment, it helps to grow the economy and ultimately benefits everyone in the province."
Saturn Oil & Gas Inc.'s $15,002,913.35 bid was the largest in this public offering. The bid was for a 3,998.250 hectare exploration licence for a parcel prospective for light oil in the Estevan area, near Creelman.
Overall, the Estevan area generated the most revenue, $23,407,574.60, driven by bids on three exploration licences and 23 leases for a total of 8,997.897 hectares. The Lloydminster area was next, with $545,033.22 generated, followed by the Kindersley area, at $360,130.44.
Prairie Land & Investment Services Ltd. made the highest bid on a lease, offering $1,700,954.53 for a 129.289 hectare parcel southeast of Lampman in the Estevan area. Prairie Land's bid works out to $13,156.22 per hectare.
This offering saw 40 parcels in the province receive acceptable bids, covering a total area of 12,037.530 hectares. It was the third of six such offerings for the 2025-26 fiscal year, over which time the Government of Saskatchewan has raised $45,423,984.29.
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.
For more information about oil and gas public offerings in Saskatchewan, please visit: saskatchewan.ca.
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