Stampede Drilling Rig 22 north of Lampman

The 2024-25 provincial budget included a new incentive program for oil wells with numerous lateral legs, as well as critical mineral development.

Lisa Baiton, president & CEO of the Canadian Association of Petroleum Producers, spoke about the new Mult-lateral Well Program in an email. She said, “The Canadian Association of Petroleum Producers welcomes the Government of Saskatchewan’s 2024 budget announcement which illustrates the continued importance of industry in the economy of the Province. Competition for capital is more and more challenging and the Government of Saskatchewan’s plan to modernize the royalty regime to reflect new technologies and techniques in oil and natural gas development is a strong step towards attracting more investment into the province which will, in turn, create more jobs and additional revenues for the Government and municipalities. CAPP is looking forward to reviewing the budget and program details and believe a more competitive royalty framework will help unlock valuable oil resources in Saskatchewan and support the Province’s Growth Plan target to reach 600,000 barrels of oil per day.”

The Saskatchewan Mining Association said in a press release, “The Saskatchewan Mining Association (SMA) is pleased to see Budget 2024 contains initiatives that will strengthen Saskatchewan’s Critical Minerals Strategy and secure Saskatchewan’s place as a globally competitive mining jurisdiction.

“Two new incentives included in Saskatchewan’s Investment Attraction Strategy, the Saskatchewan Critical Minerals Innovation Incentive, and the Critical Mineral Processing Incentive, further support the development and valued-added processing of critical minerals like copper, lithium and rare earth elements that are vital for the future economy.

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    0067 PFM SaskWorks Payroll Investment Plan
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    0066 WBPC Promo video 30 seconds
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    0065 Anova Resources field operator Oxbow
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    0064 Estevan OTS
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“These announcements will build on Saskatchewan’s strength as a growing global critical minerals hub. With the mining industry investing over $40B in the past 15 years and additional projected $10B in the next decade, along with $400M invested annually in mineral exploration to find the next generation of mines, the mining industry will continue to provide economic and social prosperity to residents of Saskatchewan.

 “Mining companies invest in Saskatchewan as the province offers a stable and predictable fiscal and regulatory environment”, stated Pam Schwann, SMA president.  “We’re also pleased with the new critical minerals innovation and processing incentives and to see additional funding in Public Geoscience that will leverage more exploration investment and lead to the development of the next generation of mines.”

SMA said it welcomes Saskatchewan’s Labour Market Strategy that will build the workforce for a growing economy including the mining sector. “The 2024 SMA Mining Labour Market Report identifies the need for more skilled workers that are critical to its success. Nutrien’s recent $15 million investment toward the new Saskatchewan Polytechnic Saskatoon Campus reflects one example of the mining industry’s commitment to supporting the training of students for future careers in the mining sector.”

 

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    0067 PFM SaskWorks Payroll Investment Plan
  • 0066 WBPC Promo video 30 seconds
    0066 WBPC Promo video 30 seconds
  • 0065 Anova Resources field operator Oxbow
    0065 Anova Resources field operator Oxbow
  • 0064 Estevan OTS
    0064 Estevan OTS
  • 0063 Turnbull Excavating hiring crusher
    0063 Turnbull Excavating hiring crusher
  • 0062 TED_EPAC_Technology_30
    0062 TED_EPAC_Technology_30
  • 0061 SIMSA 2024 For Sask Buy Sask
    0061 SIMSA 2024 For Sask Buy Sask
  • 0060 Arizona Lithium Lease building
    0060 Arizona Lithium Lease building
  • 0059 Southeast College Heavy Equipment Operator
    0059 Southeast College Heavy Equipment Operator
  • 0058 Royal Helium Steveville opens anonymous rocket
    0058 Royal Helium Steveville opens anonymous rocket
  • 0055 Smart Power Be Smart with your Power office
    0055 Smart Power Be Smart with your Power office
  • 0053 Kingston Midstream Westspur Alameda Click Before You Dig large text
    0053 Kingston Midstream Westspur Alameda Click Before You Dig large text
  • 0052 Predator Inspections
    0052 Predator Inspections
  • 0051 JML Hiring Pumpjack assembly
    0051 JML Hiring Pumpjack assembly
  • 0049 Scotsburn Dental soft guitar
    0049 Scotsburn Dental soft guitar
  • 0046 City of Estevan This is Estevan
    0046 City of Estevan This is Estevan
  • 0041 DEEP Since 2018 now we are going to build
    0041 DEEP Since 2018 now we are going to build
  • 0032 IWS Summer hiring rock trailer music
  • 0022 Grimes winter hiring
  • 0021 OSY Rentals S8 Promo
  • 0018 IWS Hiring Royal Summer
  • 0015 Latus Viro
    0015 Latus Viro
  • 0013 Panther Drilling PO ad 03 top drive rigs
  • 0011
  • 0006 JK Junior
  • 0002 gilliss casing services
    0002 gilliss casing services
  • 9002 Pipeline Online 30 sec EBEX
    9002 Pipeline Online 30 sec EBEX
  • 9001