The August oil and gas lease sales in Saskatchewan have yielded $16,689,771.93, say officials.
While the Lloydminster area brought in $1,394,596.10 for 16 leases totaling 2,908.935 hectares, Estevan brought in $9,022,070.38 for 70 leases and three exploration licences totaling 9,146.727 hectares.
The Kindersley area brought in $6,273,105.45 for two leases and one exploration licence totaling 10,005.237 hectares.
The highest bonus bid received on a parcel in this offering is $6,171,216.64. This 9,226.194-hectare exploration licence was awarded to ISH Energy Ltd. and is located in the Kindersley Area.
After three of six public offerings this fiscal year, the province has received $37,183,902.32 in revenue.
The public offering held on Aug. 8 had 111 parcels posted with 92 parcels getting acceptable bids. Officials add the bids covered 22,060.899 hectares.
The next public offering is slated for Oct. 3.
