The Lloydminster area played a key role in Saskatchewan’s final Crown oil and natural gas public offering of the 2025-26 fiscal year, generating $885,394.68 in revenue.
The public offering, held Feb. 3, brought in a total of $7,009,225.76 through 90 successful bids covering 16,911.832 hectares across the province.
While the Estevan and Swift Current areas accounted for the largest share of the revenue, the Lloydminster region remained one of the most active bidding areas in the sale, reflecting continued industry interest in established producing regions.
Estevan leads provincial revenue
The Estevan area generated $3,456,833.90 from one exploration licence and 24 leases totalling 4,189.700 hectares.
Cougar Creek Land Ltd. made the highest bid of the sale, offering $1,667,888.88 for an exploration licence averaging $853.43 per hectare. The licence covers 1,954.336 hectares north of Gainsborough in the Estevan area.
Saturn Oil & Gas Inc. submitted the highest lease bid, paying $1,223,391.40 or $1,711.08 per hectare for a 714.982 hectare parcel east of Redvers, also in the Estevan area.
Swift Current and Kindersley round out bidding
The Swift Current area raised $2,101,648.51 from 24 leases totalling 5,446.066 hectares.
Bidding in the Kindersley area generated $565,348.67 in revenue.
Fiscal year closes with strong gains
The February sale marked the final public offering of the 2025-26 fiscal year. Through six public offerings, the Government of Saskatchewan raised $67,256,180.34 in revenue.
That total represents a 29 per cent increase from the $51,814,614.76 generated during the 2024-25 fiscal year.
Much of that increase came from the August 2025 public offering, which generated $24,312,738.26, the highest single-sale total since 2014.
The first Crown oil and natural gas public offering of the 2026-27 fiscal year is scheduled for April 7.
Leases are issued with five-year terms for drilling and production, while exploration licences run two to five years and are typically issued in less developed areas. Public offering activity is influenced by oil and gas prices, land availability, geological and technological factors, and broader market conditions.
Read more: Lloyd region draws more than a quarter of province’s latest Crown land sale
