Saskatchewan's throne speech included talks on protecting natural resources, which is appreciated by the oil industry.

The provincial government has made the local industry a sticking point for their disagreement with the federal government, saying that regulations are overstepping their boundaries.

Now, with the Saskatchewan First Act being announced during the throne speech, some new options could be opened up for natural resource extraction.

Jim Wilson, the CEO and President of Wil-Tech Industries says that they still need to catch up from the earlier fall they took during the pandemic.

"It looks promising, but it's certainly not at a point where it's fully recovered. We're finding it has optimism as opposed to pessimism in front of it, so that's good. But truly the capital hasn't been deployed, and the rig count hasn't increased, so that's how we're feeling here."

The premier and his government have earned the trust of the industry that they're aiming for growth, according to Wilson.

"I know how they feel about oil and gas, and they've indicated to the industry that they want to grow it and want to develop it as aggressively as possible. Premier Moe isn't our problem in our oil and gas industry."

One problem that he's hoping will be addressed is a lack of capital funding due to over-regulation.

"It's primarily an industry that's difficult to invest capital into because it's being regulated so heavily. It's not an open and free market anymore," said Wilson, "It's one that's kind of screwed by the present federal government. It's hard to encourage people to invest in an industry where they're not sure where it's headed."

Wilson also hopes that the provincial and federal governments can create long-lasting agreements that span beyond political cycles, to give the industry a foundation to grow.

"I'd like to see some runway, to take off and land a little so maybe opportunities could be longer than the four-year political cycle. We saw clean coal, CO2 sequestration, and a massive collaboration go on here that was regulated to close. What I would love to see is the governments come together with regulation that we can plan for the long-term."