Saskatchewan’s first public offering of crown petroleum rights this fiscal year raised 1.3 million dollars this week.
This is the first of six public offerings of petroleum and natural gas rights during the fiscal year.
In west central Saskatchewan, three parcels north of Eatonia received bonus bids totalling 321 thousand dollars for 19 hundred 40 acres.
These parcels are in the Viking formation.
The highest dollar per acre was 2 thousand dollars for 40 acres, or 50 dollars per acre.
The parcel was south of Stoughton.
Energy and resources minister Dustin Duncan says the public offering comes as the province’s drilling activity for the first quarter of 2017 is double what it was in the same period last year.
The government recently launched the new Saskatchewan petroleum GeoAtlas, an on-line mapping tool which combines new and existing information on the geology and mining and petroleum data as well as additional information sources.
It offers mapping and tools based on mineral tenure, oil and gas, and geoscience.
The next public offering of petroleum and natural gas rights will be June 6th.