Kindersley area bids top $3.9 million in provincial oil and gas offering
By Your Southwest Media Group
The Government of Saskatchewan's second Crown oil and natural gas public offering of the fiscal year generated $17,747,731.98 in revenue, with bids in the Estevan area earning the highest amount.
The offering, held June 2, 2026, saw companies bid on 61 parcels across the Estevan, Lloydminster, Kindersley and Swift Current areas, covering a total of 28,833.446 hectares.
The Estevan area led all regions with $10,464,283.57 in bids covering 21,190 hectares. The highest bid for an exploration licence, $2,453,205.92, was awarded to Millennium Land (222) Ltd. for a 968.896-hectare licence south of Estevan.
The highest lease bid came from Prairie Land and Investment Services Ltd. in the Lloydminster area, at $876,340.25 for a 258.053-hectare lease.
The Kindersley area received $3,910,411.63 in bids. The Swift Current area brought in $117,213.05.
An additional 17 oil shale leases were awarded to Burgess Canadian Resources ULC for parcels south of Hudson Bay, totalling $3,000,003.65.
Leases are offered with five-year terms and are issued to drill for and produce oil or natural gas. Exploration licences carry two- to five-year terms and are issued in less-developed areas. Activity levels are influenced by oil and gas prices, land availability, geological and technological constraints and market conditions.
The next offering is scheduled for Aug. 11, 2026. For more information, visit saskatchewan.ca.