Government of Saskatchewan ministries, Crown corporations and organizations are implementing contingency plans to minimize the impacts of postal service disruption.
Les ministères, sociétés d’État et organismes du gouvernement de la Saskatchewan mettent en œuvre des plans d’urgence visant à réduire les répercussions de l’interruption du service des postes.
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Released on August 12, 2021
Saskatchewan's August public offering of Crown petroleum and natural gas rights held on Tuesday, August 10, 2021 raised $3,124,990.99. This is the most revenue raised in a petroleum and natural gas public offering for the province since December 2019.
Of the 63 parcels posted, 58 parcels received acceptable bids. These bids covered 29,734.758 hectares and the average bonus bid was $105.10 per hectare.
The Estevan area continue to lead investment interest, bringing in $2,615,712.80 for 44 parcels totaling 27,149.750 hectares. More than half of the revenues generated by the August public offering were from bids for 25 oil shale leases located in the east-central region of the province near Arborfield, Saskatchewan.
The highest bonus bid was $300,778.20 for 130.091 hectares and was also the highest dollars per hectare received on a parcel in this offering at $2,312.06 per hectare. This lease was awarded to Crescent Point Energy Corp. and is prospective for oil in the Frobisher Beds of the Madison Group.
This is the third of six public offerings scheduled for the 2021-22 fiscal year. The next public offering is scheduled for October 5, 2021.
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