June Oil and Gas Public Offering generates $9 million in revenue

The Government of Saskatchewan's Crown oil and natural gas public offering, held on Tuesday, June 3, 2025, raised $9,128,114.78 for the province, with the Estevan area generating the bulk of the bids and revenue.

Seventy-one parcels received acceptable bids, covering a total area of 12,586.646 hectares.

The Estevan area in the southeast brought in $6,533,373.21 for 34 leases totalling 3,631.861 hectares.

In the northwest, the Lloydminster area generated $1,983,553.17 in revenue for 17 leases and one exploration licence totalling 4,830.780 hectares.

Bids in the Kindersley area brought in $547,467.36, while offers in the Swift Current area brought in $63,721.04.

Elk Run Resources Ltd. made the highest bid and dollars-per-hectare bid, offering $2,361,846.93 for a 291.486 hectare lease southeast of Lampman in the Estevan area. The bid works out to an average of $8,102.78 per hectare. 

This is the second of six oil and gas public offerings for the 2025-26 fiscal year, over which time the Government of Saskatchewan has raised $21,111,246.03

Several factors affect public offering activity, including changes in oil and gas prices, land availability, geological and technological constraints and various market conditions.