Over $10 million in provincial revenue was raised from the Kindersley area in February’s public offering of Crown petroleum and natural gas rights.

The offering held on Tuesday was the final one for the 2018-19 fiscal year and brought the total to $57.5 million, which is $6.4 million less than what was projected for the 2018-19 budget forecast. However, the average price per hectare saw an increase of $280 from the year previous, moving from $316 per hectare to $596 per hectare.

In Alberta, the price per hectare averaged $282, in which the Saskatchewan government proclaims illustrates the premium being placed on Saskatchewan’s oil and gas resources.

Roughly half of the total $10.2 million was raised through five exploration licences located west of Kerrobert, they sold for just over $5.6 million, while the next highest were for three exploration licences southwest of Major which were sold to Millennium Land Ltd. For just under $3.5 million.

The highest bonus bid for the offering belonged to Rockwell Resources Inc. who purchased an exploration licence northeast of Major for $2.1 million.

258 hectares of land northeast of Marengo raised the largest bonus bid for lease, bringing in $816,771.02. Two other parcels totalling 64 acres located northeast of Stoughton were also purchased during the sixth public offering of the fiscal year.

The 2019-20 fiscal year’s first public offering is scheduled for April 9, 2019.

 

More Local News

Carry the Cross Gathering 2019

There was a little nip in the air but you wouldn't be able to notice with all the smiles and laughter that filled the air. It truly was a sight to behold as residents from young to old from Rosetown…

Rosetown RCMP issue 124 tickets over past week

The Rosetown RCMP released there weekly report for April 12th to 19th. During the week members of the Rosetown RCMP Detachment dealt with 8 calls of Assistance to the General Public, including 4…

Local MP's Weighs in On Bill C-69 Senate Hearings

Numerous Saskatchewan residents, corporations and organizations voiced their opinion regarding Bill C-69 last week as the Senate committee made a two-day stop in Saskatoon. The Senate committee…

RCMP Searching for Stolen Vehicle

The Unity RCMP Detachment is asking for the public's assistance in finding a stolen vehicle. On April 16th, the RCMP received a complaint of a theft of motor vehicle. A 2007 GMC Sierra, white in…

Unity Students and Robots Compete in Saskatoon

Last week the 2019 high school skills competition took place in Saskatoon. The competition sees students from across compete in a wide variety of events. Video production, graphic design, welding,…

WestCentralOnline.com is West Central Saskatchewan's only source for community news, weather, and information.

Search the Biz Guide

Login