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The oil and gas industry continues to place a premium on land rights in Saskatchewan. The August land sale brought in $48 million.

The Weybrun and Estevan area received the most bids, with sales totalling $43 million.

The average price per hectare in this land sale was $1,916, the third highest on record. So far this year, there has been $158 million in land sale revenues, surpassing the totals for both 2012 and 2013.

The next land sale of petroleum and natural gas rights will be in October.

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