The Kindersley area was a popular location once again looking at the latest oil and gas public offering in the province.
Kindersley had acceptable bids for two leases in the area, generating $902,295.16 for land totaling 519.600 hectares. According to the government release, the highest dollars-per-hectare bid received was $3,342.19 per hectare, for a total of $216,169.51, a 64.679-hectare lease northeast of Dodsland. Synergy Land Services Ltd. was awarded the lease, prospective for heavy oil in the Mannville Group.
The offering saw 48 parcels posted, 44 of which received acceptable bids, covering an area of 14,651.566 hectares. The most popular area overall in the last report of the fiscal year was Estevan, raising $7,223,245.77 for 23 leases and one exploration license totaling 8,756.552 hectares as stated in the release. More notable bids took place in the Lloydminster area, bringing in $1,916,571.78 from the latest offering, covering 17 leases and one exploration license totaling 5,375.414 hectares.
The rest of the activity can be found in the provincial release here.
April 2, 2024 is the date of the next scheduled public offering in Saskatchewan, featuring 45 leases covering 17,676.045 hectares and two exploration licenses covering 2,092.343 hectares.