The latest oil and natural gas public offering brought in $7 million in revenue for the province from sales. The sale, held on October 7th, was spread out among a number of areas, with the Estevan, Lloydminster and Kindersley areas all surpassing at least $1 million in bids.
The Estevan area generated the most revenue, bringing in $3,474,184.13 for one exploration licence and 39 leases totalling 4,904.474 hectares.
The Lloydminster area generated the next-highest amount of revenue at $2,106,595.92, while the Kindersley area generated $1,317,181.62 in sales, followed by Swift Current at $440,072.80.
The $7,338,034.47 total raised barely beat the October 2024 public offerings, which raised $7,304,936.95 in the province.
The highest bid in the offering came from Prairie Land & Investment Ltd., paying $863,628.23, an average of $552.57 per hectare, for a 1,562.931-hectare exploration licence in the Estevan area north of Gainsborough.
Saturn Oil and Gas Inc. made the highest bid on a lease with $714,906.52, an average of $2,806.13 per hectare, for a 254.766-hectare parcel west of Torquay, also in the Estevan area.
Ninety parcels were posted for the October offering, with 85 receiving acceptable bids, covering a total of 12,128.950 hectares.
The October offering makes it four of six offerings for the 2025-26 fiscal year, so far raising the Government of Saskatchewan $52,762,018.76. The province has already surpassed last fiscal year’s revenue totalled over six offerings, mainly due to the extraordinary $24 million generated from the August 2025 public offering.