The latest sale of Saskatchewan’s Crown petroleum and natural gas land rights generated $7,208,879.51 for the province.
The Aug. 6 sale is the third of six public offerings this fiscal year, bringing the provincial revenue total to $30,077,586.23.
Of the 138 parcels posted for the sale, 96 parcels received acceptable bids. These bids covered 14,374.288 hectares.
The leading Estevan area that brought in $4,716,387.14 for 68 leases totalling 5,709.704 ha.
The Lloydminster area came in second generating $1,678,241.23 in revenue from the sale of 19 leases totalling 3,803.133 ha.
Bids in the Kindersley area brought in $814,251.14 in revenue for nine leases totalling 4,861.451 ha.
The highest bonus bid went to Saturn Oil & Gas Inc., which offered $895,408.90 for a 441.778 ha. lease located north of Stoughton. The bid works out to $2,026.83 per ha.
Millennium Land (444) Ltd. made the highest dollars-per-ha. bid, offering $7,217.54 per ha. for a 32.410 ha. lease located west of the village of Frobisher and bidding a total of $233,920.47 for the lease.
The next scheduled sale in Saskatchewan is Oct. 1.
Read More: No buyer yet for Kodiak site
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