Public offering of Crown petroleum and natural gas rights generates $6.54 million
Saskatchewan has four main oil and gas regions and the Kindersley area has generated the most revenue after the August Crown sale of licences and leases.
The August public offering of Crown petroleum and natural gas rights on Aug. 14 generated a total of $6.54 million and it brings the total to approximately $25 million after the first three sales of the 2018-19 fiscal year.
The Estevan area often generates the most revenue from Crown land sales, but the Kindersley area led the way in the August sale with 79 leases sold for a total of $3.74 million. There are six sales held each year with the April sale being the first in a new fiscal year. Sales are held every other month.This content is for members only.