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The latest sale of Saskatchewan’s Crown petroleum and natural gas land rights generated $16,689,771.93 for the province.
The Aug. 8 sale is the third of six pubic offering this fiscal year, bringing the total revenue to $37,183,902.32. This greatly exceeds the $19.4 million expected for the entire 2023-24 fiscal year.
Of the 111 parcels posted in the latest sale, 92 parcels received acceptable bids covering 22,060.899 hectares.
The Estevan area earned $9,022,070.38 for 70 leases and three exploration licences totalling 9,146.727 ha.
The Kindersley area brought in $6,273,105.45 for two leases and one exploration licence totalling 10,005.237 ha.
The Lloydminster area generated $1,394,596.10 for 16 leases covering 2,908.935 hectares.
The highest bonus bid received on a parcel in the sale was $6,171,216.64. This 9,226.194 ha exploration licence was awarded to ISH Energy Ltd. and is located in the Kindersley Area.
The highest dollars per hectare received was $11,040.85/ha. This 129.519-ha lease was awarded to Hummingbird Energy Inc. and is situated in the Estevan area.
The next scheduled land sale is Oct. 3.
