February Oil and Gas Public Offering Generates $3.0 Million in Revenue

Feb 07, 2025

The Government of Saskatchewan's Crown oil and natural gas public offering, held on Tuesday, February 4, 2025, raised $3,039,589.20 for the province, with the Estevan area generating most of the revenue.

Twenty-nine parcels were put up for sale in this offering and 25 parcels received acceptable bids, covering an area of 2,753.836 hectares.

In the southeast, the Estevan area generated the most financial interest, bringing in $2,747,969.25 for 16 leases totalling 1,684.452 hectares.

The Lloydminster area generated $156,195.20 in bonus bids, while the Kindersley area generated $135,424.75.

Millennium Lands (111) Ltd. made the highest bonus bid and dollars-per-hectare bid, $997,962.23, an average of $6,158.55 per hectare. This was for a 162.045-hectare lease in the Estevan Area, northeast of Midale.

This is the sixth and final oil and gas public offering for the 2024-25 fiscal year, over which time the Government of Saskatchewan has raised $51,814,614.76.

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Video: Independent Seed, National Impact | On The Brink: Episode 9

A survey of 200 independent seed businesses reveals what Canada's seed sector actually contributes — and what it stands to lose.

On the Brink, Justin Funk, a third-generation agri-marketer, shares the findings of a national survey conducted in early 2026. The numbers reframe the conversation: independent seed companies in Canada represent upwards of $1.7 billion in dedicated seed infrastructure, approximately 3,000 full-time equivalent jobs in rural communities, and an estimated $20 million in annual community contributions. And roughly 90% of Canada's cereals, pulses, and other small pollinated crops flow through them.

The survey also asked how dependent these businesses are on public plant breeding to survive. The answer was unambiguous. For policymakers evaluating the future of publicly funded breeding programs, Funk argues the economic case for this sector and the case for public plant breeding are the same argument.

On the Brink is a cross-country video series exploring the future of plant breeding in Canada. Each episode features voices from across the industry in an open, ongoing conversation about innovation and long-term investment in Canadian agriculture.