Kindersley area leads province in October public offerings of Crown petroleum, natural gas rights

Petroleum opportunities near Kindersley once again dominated Saskatchewan’s October public offering of Crown petroleum and natural gas rights.

The Oct. 2 offering generated $2.1 million in revenue for the province, bringing the total for the 2018-19 fiscal year to $27.2 million. Tuesday’s offering was the fourth of six scheduled during the fiscal year.

“We are encouraged by the confidence shown by the oil and gas industry in Saskatchewan’s prospects,” Energy and Resources Minister Bronwyn Eyre said in a news release. “The industry continues to see Saskatchewan as a strong choice for long-term investment.”

The Kindersley area received the most attention in the sale, with 24 leases totalling just over 5,293 hectares selling for $1,295,855.