The Government of Saskatchewan's latest Crown petroleum and natural gas rights public offering, held on Dec. 6, has raised more than $11.9 million for the province.
The December sale is the fifth of six oil and gas public offerings scheduled for the 2022-23 fiscal year, with a current total of more than $46.1 million. In terms of the calendar year, this sale completes 2022 with a total of more than $52.2 million in revenue.
This amount is an increase over the December 2021 sale, which brought in $9.9 million.
Of the 136 parcels posted, 103 received acceptable bids covering 16,184.469 hectares. The average bonus bid was $736.34 per hectare, with the highest being $36,594.80 per hectare.
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