Crown land sale brings in $6.5 million, nearly all of it in southeast Saskatchewan

Aug 11, 2022

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Alliance Drilling Rig 3 was drilling for Hummingbird Energy just south of Lampman on Aug. 4. Southeast Saskatchewan saw nearly all th e land purchases this round, and the Lampman area has seen the most intense drilling this year. Within site of this rig, Panther Drilling was working for Vital Energy. Photo by Brian Zinchuk

Saskatchewan’s public offering of Crown petroleum and natural gas rights held on Tuesday, Aug. 9, 2022, raised $6,520,192, which is more than double the August 2021 offering. This brings the current total for the 2022-23 fiscal year to $28,761,806 in revenue for the province.

The August sale is the third public offering scheduled for the 2022-23 fiscal year. The previous five sales raised $2.9 million (M) in June, $19M in April, $6.1M in February 2022, $1.4M in December; and $1.9M in October 2021.

Of the 93 parcels posted, 84 received acceptable bids covering 7,840 hectares. The Estevan area once again saw the most interest, bringing in $6,211,770 for 70 parcels totaling 6,105 hectares. The average bonus bid was $832 per hectare with the highest acceptable bid at $7,341 per hectare.

 

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