Farms.com Home   News

October Oil and Gas Public Offering Adds $11.05 Million to Provincial Revenues

The Government of Saskatchewan's Crown petroleum and natural gas public offering, held on Tuesday, October 3, 2023, has raised $11,049,882.97 for the province.

Of the 157 parcels posted for this sale, 107 parcels received acceptable bids. These bids covered 18,870.845 hectares.

The Kindersley area generated the most cashflow, bringing in $5,811,151.08 for 20 leases and two exploration licenses totalling 7,591.560 hectares.

Bids for leases and a license in the Lloydminster area brought in the next-highest amount, $2,703,203.64. These bids were for 33 leases and one exploration license totalling 7,222.166 hectares.

Acceptable bids in the Estevan area generated $2,516,328.95 for 47 leases covering 3,668.270 hectares.

The Swift Current area generated $19,199.30 in acceptable bids.

Click here to see more...

Trending Video

New Dietary Guidelines Emphasize Beef’s Place in Healthy Diet

Video: New Dietary Guidelines Emphasize Beef’s Place in Healthy Diet

Every five years, the Federal Government updates the Dietary Guidelines for Americans. Dr. Shalene McNeill, Executive Director of Nutrition Science for the National Cattlemen’s Beef Association, explains how these dietary guidelines have changed and how that could impact the beef industry.