Southeast Saskatchewan was the focus of activity in this month’s public offering of crown petroleum and natural gas rights.
The southeast realized more than 6 of the 8 million dollars in total revenue.
This is the third sale of the fiscal year, bringing the total to 32 million dollars.
The Petroleum Services Association of Canada has revised upward its forecast drilling activity in Saskatchewan by 44 percent to 2,794.
The original forecast was 1,940 wells.
Energy and Resources minister Dustin Duncan said the oil and gas sector is regaining momentum after a prolonged period of transition.
He says renewed activity bodes well for the province’s economy.
Six exploration licences southwest of Radville received bonus bids totalling 1.6 million dollars for 44 thousand acres.
The next public offering of petroleum and natural gas rights will be October 3rd.