"Drilling continues to be ahead of last year, with a record number of rigs working in the province. And clearly the industry has confidence in Saskatchewan, as evidenced by our province's number one investment ranking for Canada in the Fraser Institute's 2011 Global Petroleum Survey."
August's sale included 186 lease parcels that attracted the $21.7 million in bonus bids.
The Weyburn-Estevan area received the most bids with sales of $11 million. The Lloydminster area was next at $5.7 million, followed by the Swift Current area at $2.8 million and the Kindersley-Kerrobert area at $2.2 million.
The highest price for a single parcel was $1.1 million. Prairie Land & Investment Services Ltd. acquired this 518-hectare lease parcel southwest of Estevan.
The highest price on a per-hectare basis was $8,889. Highrock Energy Ltd. and Villanova Oil Corp. cost-shared a bid of $779,911 for an 88-hectare lease parcel between Manor and Redvers.
The next sale of Crown petroleum and natural gas and oil shale dispositions will be held on October 3, 2011.
Source: Government of Saskatchewan