August oil and gas public offering raises $4.5 million in revenue

August 14, 2026

Media Release, Energy and Resources, Gov't SK

Key points from this story:

• Raised $4,528,771 in revenue
• 41 parcels offered across three regions
• Total area covered 9,905 hectares
• 37 leases and four exploration licences
• Highest exploration bid by Synergy Land Services
• Next offering scheduled for October 6, 2026

Companies bid on 41 parcels across the three regions, for a total area covering 9,905 hectares. The parcels included 37 leases and four exploration licences. No parcels were posted in the Swift Current area for this offering.

Bidding in the Lloydminster area generated $1,643,563 in revenue, followed by $1,475,748 in the Estevan area and $1,409,458 in the Kindersley area.

Synergy Land Services Ltd. made the highest bid for an exploration licence, offering $1,015,635, or $434 per hectare, for a 2,336 hectare property south of Eatonia in the Kindersley area.

Saturn Oil & Gas Inc. made the highest bid for a lease, offering $318,934, or $706 per hectare, for a 451 hectare site west of Bengough in the Estevan area.

Of the approximately $4.5 million raised in this offering, just over half of the revenue came from bidding on four exploration licences - $2,296,824 was raised on two licences each in the Lloydminster and Kindersley areas.

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 next offering is scheduled for October 6, 2026. For more information about oil and gas public offerings in Saskatchewan, please visit: Schedule of Public Offerings webpage on saskatchewan.ca.