October Oil and Gas Public Offering Generates Over $7 Million in Revenue

CANADA, October 10 - Released on October 10, 2025

The Government of Saskatchewan's latest Crown oil and natural gas public offering, held on October 7, 2025, has generated more than $7 million in revenue. The Estevan, Lloydminster and Kindersley areas all surpassed at least $1 million in bids, while the Swift Current region also generated sales.

Overall, the Estevan area generated the most revenue, bringing in $3,474,184.13 for one exploration licence and 39 leases totaling 4,904.474 hectares.

Prairie Land & Investment Services Ltd. made the highest bid in this offering, $863,628.23, an average of $552.57 per hectare, for a 1,562.931 hectare exploration licence in the Estevan area north of Gainsborough.

Saturn Oil and Gas Inc. made the highest bid on a lease, bidding $714,906.52, an average of $2,806.13 per hectare, for a 254.766 hectare parcel west of Torquay, also in the Estevan area.

Ninety parcels were posted for the October offering, with 85 receiving acceptable bids, covering a total for 12,128.950 hectares.

The Lloydminster area generated the next-highest amount of revenue, $2,106,595.92, while the Kindersley area generated $1,317,181.62 in sales, followed by Swift Current at $440,072.80.

This October offering was the fourth of six such offerings for the 2025-26 fiscal year, over which time the Government of Saskatchewan has raised $52,762,018.76. That total surpasses last fiscal year's revenue earned through six offerings, owing to the $24 million generated from the August 2025 public offering.

Leases are offered with five-year terms and are issued to drill for and produce oil or natural gas. Exploration licences have terms of two to five years and are issued in less developed areas for exploration and production. Several factors affect public offering activity, including oil and gas prices, land availability, geological and technological constraints and various market conditions.

The Government of Saskatchewan remains committed to developing a positive investment climate for new and established oil and gas companies, by offering a stable and predictable royalty framework and a suite of oil and gas incentives that fit the needs of all stages of the production cycle.

According to the Fraser Institute, Saskatchewan is the highest-ranked Canadian jurisdiction and the third-most attractive jurisdiction for oil and gas exploration and production overall, behind Wyoming and North Dakota.

For more information about oil and gas public offerings in Saskatchewan, please visit Schedule of Public Offerings.

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