The Saskatchewan Ministry of Energy and Resource said the most recent public offering of Crown petroleum and natural gas rights generated $6.5 million for the province.
The Aug. 14 public offering brings the total for the 2018-19 fiscal year to $25 million.
“We continue to work hard to develop a positive investment climate for the petroleum industry in Saskatchewan and, as a result, the industry recognizes our royalty regime is stable and compares favourably with other jurisdictions,” Energy and Resources Minister Bronwyn Eyre said in a press release.
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“We are committed to working closely with industry to provide as much certainty as possible for current and future investments.”
Petroleum opportunities near Kindersley dominated the sale with 79 leases, representing 17,595 hectares, sold for $3,741,871.
During June’s public offering, 40 parcels totalling 11,400 hectares were sold for $3,454,719 in the Kindersley area.
The Estevan area produced revenue of $2,692,362 for 21 leases.
One lease generated a bid of $568,649 for a parcel northwest of Midale. It was purchased by Windfall Resources Ltd.
The fourth of six scheduled public offerings this year will be held Oct. 2.
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