SK LAND: For Food or For Oil???

SK LAND: For Food or For Oil???

Postby Oscar » Sat Mar 15, 2014 4:10 pm

STRONG FEBRUARY LAND SALE GENERATES $43.4 MILLION

[ http://www.gov.sk.ca/news?newsId=1e6461 ... 44f6e584eb ]

News Release - February 10, 2011

The first sale of Crown petroleum and natural gas rights in 2011 is building on where a resurgent 2010 left off.

February's sale generated $43.4 million in revenue for the province, the second-highest total for a February sale.

With this figure total revenue from land sales for the 2010-11 fiscal year amounts to $467 million, the second-best fiscal year on record and more than three times the revenue collected in 2009-10.

"Our oil and gas industry has really roared back over the past year, and that's great news for our economy and for Saskatchewan people," Energy and Resources Minister Bill Boyd said. "This was a smaller sale in terms of parcels posted, so to see this strong result for the first sale of 2011 is a good signal of the activity we can expect this year.

"What's also exciting about this sale is quite simply the range of interest by the industry. ‘Star' oil plays like the Bakken and Lower Shaunavon continue to attract investment but companies are also putting their acquisition dollars into emerging plays like the Viking and the Birdbear, and now in this sale the deep Red River oil play near Montmartre."

February's sale included 28 petroleum and natural gas exploration licences that sold for $26.1 million and 201 lease parcels that attracted $17.3 million in bonus bids.

The Weyburn-Estevan area received the most bids with sales of $18.1 million, of which $7 million was paid for exploration licences around the Red River play. The Kindersley-Kerrobert area was next at $16.9 million, followed by the Lloydminster area at $5.6 million and the Swift Current area at $2.8 million.

The highest price for a single parcel was $3.5 million, paid by Prairie Land & Investment Services Ltd. for an 8,612-hectare exploration licence near the Forgan Viking Sand Pool, midway between Rosetown and Swift Current.

The highest price on per-hectare basis was $16,789. Canadian Coastal Resources Ltd. bid $1 million for a 61-hectare lease parcel near Stoughton.

A special exploratory permit block on offer south of Hudson Bay received a work commitment bid of $500,000 from Lane Land Services Ltd.

The next sale of Crown petroleum and natural gas dispositions will be held on April 11, 2011. -30-

For more information, contact:

Bob Ellis, Energy and Resources, Regina
Phone: 306-787-1691
Email: robert.ellis@gov.sk.ca

= = = = =

APRIL LAND SALE TOPS $100 MILLION

[ http://www.gov.sk.ca/news?newsId=a7aca7 ... 34bde9903e ]

News Release - April 14, 2011

Heightened interest in the southwest's Shaunavon oil play has significantly boosted revenue from the latest sale of Crown petroleum and natural gas rights.

The Shaunavon play accounted for more than half the total in April's sale, which brought in $109 million in revenue for the province. Land sale revenues for the 2011 calendar year stand at $152 million after two sales.

The latest sale was the third best on record for an April sale. It also marked the seventh time in the last three years that a single land sale has topped $100 million.

"This was a great sale, based on both the quantity and the quality of the bids we received," Energy and Resources Minister Bill Boyd said. "We had the usual strong interest in the Bakken play, but our rich oil resources in the southwest are obviously causing a stir in the industry.

"Land sales are a key barometer of future activity in the industry, and based on what we've seen over the last 15 months from our sales, the forecast is very bright indeed for increased investment by the industry - investment that results in jobs and prosperity for the people of Saskatchewan."

April's sale included 16 petroleum and natural gas exploration licences that sold for $26.2 million and 311 lease parcels that attracted $82.5 million in bonus bids.

The Swift Current area, on the strength of the Shaunavon play, received the most bids with sales of $56.6 million. The Weyburn-Estevan area was next at $40.4 million, followed by the Kindersley-Kerrobert area at $7.8 million and the Lloydminster area at $4 million.

The highest price for a single parcel was $7.3 million, paid by Husky Oil Operations Ltd. for a 2,331-hectare exploration licence southwest of Estevan along the Canada-United States border.

The highest price on a per-hectare basis was $10,214. Villanova Oil Corp. bid $320,000 for a 31-hectare lease parcel near Carnduff.

A special exploratory permit block on offer west of Hudson Bay received a work commitment bid of $200,000 from Lane Land Services Ltd.

The next sale of Crown petroleum and natural gas dispositions will be held on June 6, 2011. -30-

For more information, contact:

Bob Ellis, Energy and Resources, Regina
Phone: 306-787-1691
Email: robert.ellis@gov.sk.ca

= = = = = =

DECEMBER LAND SALE EXCEEDS $20 MILLION MARK

[ http://www.gov.sk.ca/news?newsId=4d16ea ... 72a315bf65 ]

News Release - December 8, 2011

The December sale of Crown petroleum and natural gas rights has brought in $20.8 million in revenue for the province, capping another solid year of land sales.

Total land sale revenue for the 2011 calendar year amounted to $248.8 million, making 2011 the fourth-best on record for land sale revenues.

"We're pleased by the strong interest companies expressed in the parcels on offer in the December sale," Energy and Resources Minister Bill Boyd said. "We've seen a trend in the latter part of the year of companies concentrating on working the assets they have already acquired.

"Our drilling numbers, especially those for horizontal wells, continue to track well ahead of last year's pace and the demand for drilling and service rigs remains higher here than in Alberta and British Columbia. This activity and these recent land acquisitions bode well for an industry that helps drive our economy and which invests more than $4 billion into exploration and development work each year."

December's sale included 212 lease parcels that attracted $20.3 million in bonus bids and three petroleum and natural gas exploration licences that sold for $486,000.

The Weyburn-Estevan area received the most bids with sales of $13.2 million. The Lloydminster area was next at $4.1 million, followed by the Kindersley-Kerrobert area at $2 million and the Swift Current area at $1.5 million.

The highest price for a single parcel was $905,000. Villanova Oil Corp. acquired this 259-hectare lease parcel east of Estevan.

The highest price on a per-hectare basis was $7,878. Midale Petroleums Ltd. bid $255,000 for a 32-hectare lease parcel southeast of Oxbow.

An oil shale special exploratory permit block on offer east of Nipawin received a work commitment bid of $2 million from Prairie Land & Investment Services Ltd.

The next sale of Crown petroleum and natural gas dispositions will be held on February 6, 2012. -30-

For more information, contact:

Bob Ellis
Energy and Resources
Regina
Phone: 306-787-1691
Email: robert.ellis@gov.sk.ca
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JUNE LAND SALE GENERATES $9.6 MILLION

Postby Oscar » Sat Mar 15, 2014 4:14 pm

JUNE LAND SALE GENERATES $9.6 MILLION

[ http://www.gov.sk.ca/news?newsId=25ace2 ... 4901d69130 ]

News Release - June 6, 2013

In June, the sale of petroleum and natural gas rights brought in $9.6 million in revenue for the province. Year-to-date revenue from three land sales held in 2013 is $29.3 million.

The Weyburn-Estevan area received the most bids with sales of $7.9 million. The Lloydminster area was next at $1.4 million, followed by the Kindersley-Kerrobert area at $208,370 and the Swift Current area at $139,326.

“We have seen production in the Bakken area reach 69,000 barrels per day and this is driving investment in the area,” Energy and Resources Minister Tim McMillan said. “The majority of the lands sold in the Weyburn-Estevan area are targeting Bakken-prone lands, accounting for more than 80 per cent of the sale total.”

The highest price paid for a single parcel was $1.5 million. The 64-hectare lease parcel north of Lampman, which also had the highest price on a per-hectare basis at $23,576, was acquired by Badger Pass Minerals Inc.

“While the Bakken garnered most of the attention, we are particularly interested in a cluster of parcels that sold near Avonlea,” McMillan said. “This is a dynamic industry and it is encouraging that industry is confident in the potential for new discoveries in Saskatchewan.”

The deeper Red River Formation produced oil for a short time near Avonlea in the 1990s, and several other geological horizons have been tested in the past in this area. The province is optimistic that exploration of these lands will provide further information on production potential.

The next sale of Crown petroleum and natural gas and oil shale dispositions will be held on August 12, 2013. -30-

For more information, contact:

Deb Young, Economy
Regina
Phone: 306-787-6315
Email: deb.young@gov.sk.ca
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(SK) AUGUST LAND SALE TOPS $15 MILLION

Postby Oscar » Sat Mar 15, 2014 4:17 pm

(SK) AUGUST LAND SALE TOPS $15 MILLION

[ http://www.gov.sk.ca/news?newsId=e251c7 ... 4a2969274c ]

News Release - August 15, 2013

The August sale of petroleum and natural gas rights brought in $15.1 million in revenue. The average price paid for leases this sale was $690/hectare, the highest since the August 2011 land sale.

“Saskatchewan continues to offer great resources in a competitive climate,” Energy and Resources Minister Tim McMillan said. “The premium that industry has placed on acquiring oil and gas leases shows that this is a great place to invest.”

Year-to-date revenue from the four land sales held in 2013 is $44.3 million.

The Weyburn-Estevan area received the most bids with sales of $11.1 million. The Kindersley-Kerrobert area was next at $2.1 million, followed by the Swift Current area at $1.1 million and the Lloydminster area at $688,887.

The three oil shale special exploratory permit blocks on offer near Hudson Bay received a total of $4.6 million in work commitment bids from Canshale Corp.

The highest price paid for a single parcel was $1.7 million. Scott Land & Lease Ltd. acquired the 1,036-hectare exploration licence north of Estevan.

The highest price on a per-hectare basis was $5,617. Mammoth Land Services Ltd. bid $363,702 for a 64.75-hectare lease south of Gull Lake.

“Industry continues to show confidence in the potential for new discoveries in Saskatchewan, and the rejuvenated interest in our oil shale underscores that optimism,” McMillan said. “Prior to this sale there were four oil shale special exploratory permits active in the Hudson Bay area. The addition of three new permits in this sale more than doubles the acreage under exploration.”

The next sale of Crown petroleum and natural gas dispositions will be held on October 7, 2013. -30-

For more information, contact:

Joanne Johnson
Economy
Regina
Phone: 306-787-4765
Email: joanne.johnson@gov.sk.ca

= = = = =

CANSHALE CORP. - Hudson Bay, SK - GOLDEN PLAIN PROJECT

[ http://www.canshale.com/golden_plain.php ]

AREA MAP

Click here to view a detailed map featuring Canshale’s Golden Plain oil shale mineral permit lands.

[ http://www.canshale.com/assets/pdf/CanS ... in-map.pdf ]

QUESTIONS?

Please feel free to contact us with any questions you may have regarding investment or Canshale’s projects.

[ http://www.canshale.com/contact.php ]

Canshale Corp.’s “Golden Plain Permit” totals 39,008 hectares near the town of Hudson Bay, Saskatchewan and encompasses an abundance of oil shale—an organically rich sedimentary rock from which liquid hydrocarbons can be obtained. The Golden Plain North Permit comprises 26,720 hectares, while the Golden Plain South Permit encompasses 12,288 hectares directly south of the North Permit. The Best Estimate of Resources in the two Permits is 4.5 billion barrels of kerogen in place (Norwest Corp., NI 51-101, October 2011).

With a robust infrastructure in Hudson Bay, the development costs of bringing a large-scale project to the area are drastically reduced. Comprising flat prairie lands, the site lies at a major transportation junction with railways running in three directions and main highways in all four. The town also boasts a paved airstrip and ready access to grid power. The Moose Capital of the World has welcomed Canshale to its community.

SPECIAL AGREEMENT
Canshale is pleased to report that a Special Agreement under Section 4 of the Crown Minerals Act has been reached with Saskatchewan’s Energy and Resources Ministry. Canshale is granted an Oil Shale Mineral Permit granting comprehensive mineral and shale development rights and addressing: Land tenure, Lease renewals, rentals, work commitments and royalties.
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OCTOBER LAND SALE BRINGS IN $9.1 MILLION

Postby Oscar » Sat Mar 15, 2014 4:20 pm

OCTOBER LAND SALE BRINGS IN $9.1 MILLION

[ http://www.gov.sk.ca/news?newsId=93139d ... 80b722cddd ]

News Release - October 10, 2013

The October sale of petroleum and natural gas rights in Saskatchewan brought in $9.1 million in revenue, with an average price paid of $524/hectare.

“There has been a shift in focus by industry from purchasing dispositions to drilling those purchases in order to bring them into production,” Energy and Resources Minister Tim McMillan said. “However, land sales have remained stable, averaging $11 million per sale over the past year, with both Alberta and British Columbia experiencing similar trends in land sale activity.”

Year-to-date revenue from the five land sales held in 2013 is $53.5 million.

The Weyburn-Estevan area received the most bids, with sales of $5.0 million. The Lloydminster area was next at $2.0 million, followed by the Swift Current area at $1.1 million and the Kindersley-Kerrobert area at $1.0 million.

The highest price paid for a single parcel was $618,000. Villanova 4 Oil Corp. acquired the 194-hectare lease southeast of Weyburn.

The highest price on a per-hectare basis was $12,504. Ranger Land Services Ltd. bid $202,436 for a 16-hectare lease east of Lloydminster.

“It’s worth noting that oil production is currently 3.0 per cent higher than last year, which itself was a record year,” McMillan said. “This confirms that industry continues to invest with confidence in Saskatchewan.”

The next sale of Crown petroleum and natural gas dispositions will be held on December 2, 2013. -30-

For more information, contact:

Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca
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JUNE LAND SALE GENERATES $11 MILLION

Postby Oscar » Thu Jun 05, 2014 10:22 am

JUNE LAND SALE GENERATES $11 MILLION

[ http://www.saskatchewan.ca/government/n ... /land-sale ]

Released on June 5, 2014

Saskatchewan’s June sale of petroleum and natural gas rights brought in $11 million in revenue, bringing the total for 2014 land sales to $110 million after three sales.

“Industry continues to place a premium on Saskatchewan’s oil and gas rights, as land sales to date in 2014 have averaged $920 per hectare compared to an average of $450 per hectare in Alberta,” Energy and Resources Minister Tim McMillan said. “Saskatchewan remains a top choice for industry to make significant investments in land acquisition, drilling activity, and service and supply expenditures.”

In November 2013, the Fraser Institute released the results of an international survey of petroleum executives that ranked Saskatchewan first among Canadian jurisdictions for oil and gas investment, and near the top globally. Saskatchewan rated particularly well in regards to policy, taxation regime and investment and regulatory climate.

The June sale saw the Weyburn-Estevan area receive the most bids with sales of $6.5 million. The Lloydminster area was next at $3.0 million, followed by the Kindersley-Kerrobert area at $916,852 and the Swift Current area at $628,353. 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 top work commitment bid for the oil shale special exploratory permit block on offer near Hudson Bay was $750,000 from Prairie Land & Investment Services Ltd.

The next sale of Crown petroleum and natural gas dispositions will be held on August 11, 2014. -30-

For more information, contact:

Deb Young
Economy
Regina
Phone: 306-787-6315
Email: deb.young@gov.sk.ca
Oscar
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Re: SK LAND SALES - Out of Control . . . .

Postby Oscar » Tue Oct 14, 2014 10:22 am

Strong August Land Sale Brings in $48 Million

[ http://www.saskatchewan.ca/government/n ... /land-sale ]

Released on August 15, 2014

With $48.4 million in revenue raised at Saskatchewan’s August sale of petroleum and natural gas rights, the 2014 calendar year total for land sales is now $158 million, already surpassing land sale revenue totals for both the 2012 and 2013 calendar years with two sales remaining.

Industry continues to place a premium on Saskatchewan oil and gas rights. The average price per hectare received for the sale was $1,916/hectare, the third highest on record. The April 2008 sale holds the title for highest average price per hectare for a single sale at $2,725/hectare, followed closely by the February 2008 sale at $2,495/hectare.

“The Bakken and Shauanvon light-oil plays in southern Saskatchewan are both prone to spectacular single-parcel results that we experienced once again in this sale,” Economy Minister Bill Boyd said. “However, we’re equally pleased about land acquisitions in the heavy oil-prone areas of the province that are consistent in sale-after-sale, year-after-year.

“By any measure, the volume of heavy oil in the province, estimated at 20 billion barrels of heavy oil in place, is impressive, but recovering this oil is a complex and capital-intensive process. The province applauds both the oil and gas industry and the research institutions providing innovation and investment in the continuing effort to maximize production from this resource.”

The August sale saw the Weyburn-Estevan area receive the most bids with sales of $43 million. The Lloydminster area was next at $2.1 million, followed by the Swift Current area at $1.8 million and the Kindersley-Kerrobert area at $1.5 million. The highest price paid for a single parcel was $17.1 million. Standard Land Company Inc. acquired the 2,201-hectare exploration licence east of Estevan. The highest price on a per-hectare basis was $10,136. Plunkett Resources Ltd. bid $634,520 for a 62.6-hectare lease southeast of Estevan.

The next sale of Crown petroleum and natural gas rights will be held on October 6, 2014. -30-

For more information, contact:

Shanna Schulhauser, Economy
Regina
Phone: 306-787-5582
Email: shanna.schulhauser@gov.sk.ca

= = = = =

October Land Sale Brings in 21.6 Million in Revenue

[ http://www.saskatchewan.ca/government/n ... /land-sale ]

Released on October 9, 2014

With $21.6 million in revenue raised at Saskatchewan’s October sale of petroleum and natural gas rights, total for the 2014 land sales are $179.6 million with one sale remaining.

Twenty-nine leases and two exploration licences located between Carnduff in the south and Moosomin to the north along the Manitoba border raised $10.4 million. This area is prospective for several targets, including the Jurassic, Mississippian and Devonian.

“Industry has been developing the Bakken-Three Forks play quite extensively on either side of the Saskatchewan-Manitoba border for several years now, and the ongoing acquisition of oil and gas rights in that area bodes well for future economic activity in local communities,” Economy Minister Bill Boyd said.

The October sale saw the Weyburn-Estevan area receive the most bids with sales of $14.4 million. The Kindersley-Kerrobert area was next at $4.0 million, followed by the Lloydminster area at $3.0 million, and the Swift Current area at $115,086. The highest price paid for a single parcel was $3.5 million. Plunkett Resources Ltd. acquired the 1,554-hectare exploration licence south of Moosomin. The highest price on a per-hectare basis was $27,367. Petroland Services (1986) Ltd. bid $20,799 for a 0.76-hectare lease southeast of Estevan.

The next sale of Crown petroleum and natural gas rights will be held on December 1, 2014. -30-

For more information, contact:

Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca
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Re: SK LAND: For Food or For Oil???

Postby Oscar » Thu Dec 04, 2014 6:06 pm

DECEMBER LAND SALE BRINGS 2014 TOTAL TO $198 MILLION

[ http://www.saskatchewan.ca/government/n ... /land-sale ]

Released on December 4, 2014

The December sale of petroleum and natural gas rights raised $18.3 million in revenue for the province, bringing final land sale revenues for the 2014 calendar year to $197.9 million.

The average of $988 per hectare for land sales in 2014 ranks third highest all-time, behind the $1,461 per hectare averaged in 2008 and the $1,029 per hectare averaged in 2010.

“Saskatchewan has worked hard to develop a positive investment climate for the oil and gas industry, so it was reassuring when the recently released Fraser Institute’s annual Global Petroleum Survey once again ranked Saskatchewan as the number one place in Canada and third globally for oil and gas investment,” Economy Minister Bill Boyd said. “Record drilling and impressive land sale revenues over the past few years suggest that industry is pleased with our policies and regulatory regime, and given that we are competing on a global level for investment, the Institute’s report is something we take very seriously.”

The December sale saw the Weyburn-Estevan area receive the most bids with sales of $11.9 million. The Kindersley-Kerrobert area was next at $4.5 million, followed by the Lloydminster area at $973,220 and the Swift Current area at $864,218. The highest price paid for a single parcel was $1.3 million. Ranger Land Services Ltd. acquired the 1,165-hectare exploration licence north of Arcola. The highest price on a per-hectare basis was $9,319. Northend Resources Ltd. bid $603,404 for a 64.75-hectare lease southeast of Estevan.

The next sale of Crown petroleum and natural gas rights will be held on February 2, 2015. -30-

For more information, contact:

Deb Young, Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca
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Re: SK LAND: For Food or For Oil???

Postby Oscar » Thu Feb 05, 2015 3:02 pm

First Land Sale of 2015 Brings In $17.5 Million

[ http://www.saskatchewan.ca/government/n ... -sale-2015 ]

Released on February 5, 2015

The February sale of petroleum and natural gas rights raised $17.5 million in revenue for the province, bringing total land sale revenues for the 2014-15 fiscal year to $164.7 million.

The 2014-15 March budget forecast $99 million in land sale revenue. The final total for the fiscal year has exceeded the forecast by $66 million.

“Robust sales in April and August of last year accounted for the increase in land sale revenues over the initial forecast,” Economy Minister Bill Boyd said. “Saskatchewan remains one of the best places for oil and gas companies to invest. The sector will continue to play a part in our diversified economy in 2015.”

The February sale saw the Weyburn-Estevan area receive the most bids with sales of $8.3 million. The Lloydminster area was next at $5.3 million, followed by the Swift Current area at $3.2 million and the Kindersley-Kerrobert area at $694,039.

The highest price paid for a single parcel was $3.5 million. Windfall Resources Ltd. acquired the 1,036-hectare lease east of St. Walburg. The highest price on a per-hectare basis was $8,586. STOMP Energy Ltd. bid $1.1 million for a 126.6-hectare lease southeast of Estevan.

The next sale of Crown petroleum and natural gas rights will be held on April 6, 2015. -30-

For more information, contact:

Joanne Johnson
Economy
Regina
Phone: 306-787-4765
Email: joanne.johnson@gov.sk.ca
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Re: SK LAND: For Food or For Oil???

Postby Oscar » Thu Dec 03, 2015 10:36 am

DECEMBER LAND SALE GENERATES $10.9 MILLION

[ http://www.saskatchewan.ca/government/n ... /land-sale ]

Released on December 3, 2015

Saskatchewan’s December sale of petroleum and natural gas rights raised $10.9 million in revenue for the province at an average price of $685 per hectare, bringing the calendar year total for 2015 in land sale revenues to $56.5 million.

The sale results come in the wake of the Fraser Institute’s annual Global Petroleum Survey of petroleum executives, where once again Saskatchewan ranked number one in Canada and among the top ten worldwide in the rankings of attractive jurisdictions for investment in petroleum exploration and development.

“While land sale activity has been relatively subdued, we continue to rank as a top destination for investment dollars,” Economy Minister Bill Boyd said. “With an operating environment rich in opportunity and friendly to business, Saskatchewan is positioned for the world market to catch up to us, and not the other way around.”

Saskatchewan rated highly in the 2015 survey relative to other jurisdictions in regards to policy, investment and regulatory climate, geopolitical risk, administrative certainty, labour regulations and employment agreements, environmental regulations, trade barriers, taxation regime and quality of its geological database.

The December sale saw the Lloydminster area receive the most bids with sales of $4.8 million. The Weyburn-Estevan area was next at $2.92 million, followed by the Kindersley-Kerrobert area at $2.91 million and the Swift Current area at $254,187.

The highest price paid for a single parcel was $2,550,082. Windfall Resources Ltd. acquired the 547-hectare lease southwest of Pierceland. The highest price on a per-hectare basis was $6,382.

Mammoth Land Services Ltd. submitted identical bids of $206,593 on two separate but adjacent 32.37-hectare leases east of Estevan.

The next sale of Crown petroleum and natural gas rights will be held on February 2, 2016. -30-

For more information, contact:

Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca
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Re: SK LAND: For Food or For Oil???

Postby Oscar » Wed Feb 17, 2016 8:16 am

DECEMBER LAND SALE GENERATES $10.9 MILLION

[ http://www.saskatchewan.ca/government/n ... /land-sale ]

Released on December 3, 2015

Saskatchewan’s December sale of petroleum and natural gas rights raised $10.9 million in revenue for the province at an average price of $685 per hectare, bringing the calendar year total for 2015 in land sale revenues to $56.5 million.

The sale results come in the wake of the Fraser Institute’s annual Global Petroleum Survey of petroleum executives, where once again Saskatchewan ranked number one in Canada and among the top ten worldwide in the rankings of attractive jurisdictions for investment in petroleum exploration and development.

“While land sale activity has been relatively subdued, we continue to rank as a top destination for investment dollars,” Economy Minister Bill Boyd said. “With an operating environment rich in opportunity and friendly to business, Saskatchewan is positioned for the world market to catch up to us, and not the other way around.”

Saskatchewan rated highly in the 2015 survey relative to other jurisdictions in regards to policy, investment and regulatory climate, geopolitical risk, administrative certainty, labour regulations and employment agreements, environmental regulations, trade barriers, taxation regime and quality of its geological database.

The December sale saw the Lloydminster area receive the most bids with sales of $4.8 million. The Weyburn-Estevan area was next at $2.92 million, followed by the Kindersley-Kerrobert area at $2.91 million and the Swift Current area at $254,187.

The highest price paid for a single parcel was $2,550,082. Windfall Resources Ltd. acquired the 547-hectare lease southwest of Pierceland. The highest price on a per-hectare basis was $6,382.

Mammoth Land Services Ltd. submitted identical bids of $206,593 on two separate but adjacent 32.37-hectare leases east of Estevan.

The next sale of Crown petroleum and natural gas rights will be held on February 2, 2016. -30-

For more information, contact:

Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca
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Re: SK LAND: For Food or For Oil???

Postby Oscar » Fri Apr 15, 2016 5:35 pm

April Sale of Saskatchewan Land Rights Raises $3.1 Million

[ http://www.saskatchewan.ca/government/n ... /land-sale ]

Released on April 14, 2016

The April sale of Saskatchewan’s petroleum and natural gas rights raised $3.1 million for the province, bringing the calendar year’s total so far to $8.1 million.

The industry continues to pay premium prices on a per-hectare basis in Saskatchewan. For the 2016 calendar year to date, Saskatchewan’s public offering has averaged $404 per hectare, whereas Alberta has averaged $114 per hectare and British Columbia has averaged $243 per hectare.

“There is no question that when the price of oil drops significantly, the markets react and consequently raising investment capital is more difficult for the oil and gas industry,” Economy Minister Bill Boyd said. “However, Saskatchewan’s reputation as an opportunity-rich, low-cost operating environment is unchanged among conventional producers, and the province is well-positioned for the moment when prices rebound.”

Saskatchewan received the highest ranking in Canada and placed in the world’s top 10 in the Fraser Institute’s most recent annual Global Petroleum Survey of attractive jurisdictions for investment in petroleum exploration and development.

The April public offering saw the Estevan area receive the most bids at $2,642,429. The highest price paid for a single parcel was $1,104,666. STOMP Energy Ltd. acquired the 259-hectare lease located west of Estevan. This parcel was also the highest price on a per-hectare basis at $4,265 and is in an area that has proven oil production from the Bakken Formation, Three Forks Group/Torquay Formation and the Midale Beds.

The next sale of Crown petroleum and natural gas rights will be held on June 7, 2016. -30-

For more information, contact:

Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca
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Re: SK LAND: For Food or For Oil???

Postby Oscar » Thu Feb 09, 2017 10:26 am

Public Offerings of Petroleum and Natural Gas Rights Total $50 Million for 2016-17 Fiscal Year

[ http://www.saskatchewan.ca/government/n ... /land-sale ]

Released on February 9, 2017

Tuesday’s public offering of Saskatchewan’s Crown petroleum and natural gas rights raised $1.7 million for the province, bringing the total for the 2016–17 fiscal year to $50 million.

This was the last public offering of the current fiscal year, with the total surpassing the $43 million raised in the previous fiscal year.

“This is an indicator that a tough, forward-looking industry continues to see opportunities for oil and gas development in Saskatchewan,” Energy and Resources Minister Dustin Duncan said. “Saskatchewan is considered one of the world’s top jurisdictions for petroleum investment. We continue to work on building that reputation and improving our capabilities to meet the needs of the industry to help grow our economy.”

Among the reasons for Saskatchewan’s strong reputation is the Integrated Resource Information System (IRIS)—the result of a six-year program to replace the Ministry of the Economy’s aging computer and paper-based systems related to the oil and gas industry.

Since its implementation in 2015, IRIS has significantly enhanced service provided to the industry. It allows companies to conduct a comprehensive range of business and regulatory tasks online with the Government of Saskatchewan via web-based, self-service functionality 24 hours a day, seven days a week.

A detailed overview of the benefits of IRIS can be viewed online at http://publications.gov.sk.ca/details.cfm?p=84098.

Tuesday’s public offering saw four leases located north of Lampman receive bonus bids totalling $537,079 for 583 hectares; these parcels are prospective for multiple targets including the Midale and Frobisher-Alida Beds of the Madison Group as well as the Bakken Formation.

The highest bid per hectare was $3,201.87 for a 48.564-hectare parcel west of St. Walburg.

The next public offering of petroleum and natural gas rights will be held on April 11, 2017. -30-

For more information, contact:

Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca
Oscar
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Joined: Wed May 03, 2006 3:23 pm

Re: SK LAND: For Food or For Oil???

Postby Oscar » Fri Apr 14, 2017 11:14 am

April's Public Offering of Petroleum and Natural Gas Rights Raises $1.3 Million

[ http://www.saskatchewan.ca/government/n ... c-offering ]

Released on April 13, 2017

Saskatchewan’s first public offering of Crown petroleum and natural gas rights for the 2017 fiscal year raised $1.3 million dollars on Tuesday.

This was the first of the six public offerings of petroleum and natural gas dispositions held on a regularly scheduled basis throughout the fiscal year. Public offering revenues can fluctuate from sale to sale based on elements such as the oil potential of available parcels, geological and technological constraints, and market conditions—all of which can influence pricing and bid activity.

Three parcels north of Eatonia received bonus bids totalling $321,794.55 for 777 hectares; these parcels are prospective for oil and gas in the Viking Formation. The highest dollar per hectare was $2,009.23 for a 16.188 hectare parcel south of Stoughton.

“This public offering comes as the province’s drilling activity for the first quarter of 2017 is double what it was during the same period one year ago,” Energy and Resources Minister Dustin Duncan said. “Increased activity of this nature is a positive sign of economic growth, enabled by the advantages that make Saskatchewan one of the highest-ranked jurisdictions in the world for oil and gas investment.”

The Ministry of the Economy recently enhanced these advantages with the launch of the new Saskatchewan Mining and Petroleum GeoAtlas—a client-centred online mapping tool that combines new and existing information on the geology and mining and petroleum resources of the province. The GeoAtlas provides a window to mining and petroleum data as well as additional spatial information sources, and offers mapping and tools based on three map themes: Mineral Tenure, Oil and Gas, and Geoscience. It is available online at [ https://gisappl.saskatchewan.ca/Html5Ex ... r=GeoAtlas ].

The next public offering of petroleum and natural gas rights will be held on June 6, 2017. -30-

For more information, contact:

Deb Young, Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca
Oscar
Site Admin
 
Posts: 7321
Joined: Wed May 03, 2006 3:23 pm

Re: SK LAND: For Food or For Oil???

Postby Oscar » Thu Jun 08, 2017 10:30 am

June's Public Offering Generates Largest Revenue Since 2014

[ http://www.saskatchewan.ca/government/n ... /land-sale ]

Released on June 8, 2017

Driven by strong interest in an area prospective for heavy oil northeast of Lloydminster, June’s public offering of Crown petroleum and natural gas rights raised $22.8 million dollars on Tuesday—the largest revenue for a single public offering in almost three years.

The total for the 2017 fiscal year to date is $24 million after two sales. The fiscal year’s current average price per hectare for Saskatchewan parcels is $828.81, almost double Alberta’s average of $470.71 for conventional oil and gas parcels, and comes in the wake of recent upward trends in provincial drilling activity.

“This is a significant revenue increase and the highest for any of Saskatchewan’s past public offerings since August 2014,” Energy and Resources Minister Dustin Duncan said. “Some of the most dynamic opportunities in Saskatchewan are those in our oil and gas sector, backed up by a world-class supply chain and a global reputation among the industry for low-risk investment.”

Millennium Land Ltd. bid $4,002,780 to acquire a 1,327-hectare exploration licence located southwest of Midale. The parcel is prospective for multiple targets, particularly the Bakken Formation and the Three Forks Group/Torquay Formation.

Two parcels northeast of Lloydminster in the St. Walburg area received bonus bids totalling $9,736,304.69 for 1,295 hectares, with one of these parcels receiving the highest dollar-per-hectare at $8,115.76; these parcels are prospective for heavy oil in the Mannville Group, with well logs showing significant potential for the application of thermal recovery methods.

The next public offering of petroleum and natural gas rights will be held on August 1, 2017. -30-

For more information, contact:

Deb Young, Economy, Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca
Oscar
Site Admin
 
Posts: 7321
Joined: Wed May 03, 2006 3:23 pm


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