Around $3.5 million raised through oil and gas leases in Lloydminster area
More oil and gas leases have been sold in the Lloydminster area.
The Government of Saskatchewan held a public offering on Tuesday for 70 different parcels of land across the province with 40 being leased out.
Thirteen were in the Lloydminster area, covering more than 3,900 hectares of land. These bids ended up raising around $3.5 million. Three exploration licences also contributed to the total.
This is the fifth public offering this fiscal year with the first four raising around $11.8 million through bids in the area.