Saskatchewan’s June sale of petroleum and natural gas rights brought in $11 million in revenue, with the Weyburn-Estevan area bringing in the most bids.
Sales of $6.5 million were generated in our area.
The highest price paid for a single parcel was $1.2 million. Aldon Oils Ltd. acquired the 3,366 hectare exploration licence near Radville.
The highest price on a per-hectare basis was $7,515. Scott Land & Lease Ltd. bid $486,630 for a 64.75 hectare lease east of Estevan.
The next sale of Crown petroleum and natural gas dispositions will be held on August 11.