Record high bids at province’s oil and gas offering

April was a record month for the province’s oil and gas public offering, with over $19 million coming in.

Six times a year, the province offers Crown petroleum and natural gas rights, which generates revenue for the province. This year raised $19,307,203.94 in revenue for the province with 208 parcels, with 169 parcels receiving acceptable bids.

Most of the sales came in the Estevan area, with $17,111,929.83 million for 142 parcels, totaling 11,890.306 hectares.

The $19.3 million raised is more than 10 times the revenue from the April 2021 offering.

The next sale is scheduled for June 7th.

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