The first public oil and gas offering of the fiscal year has closed, bringing the province over $11 million.

The Government of Saskatchewan's Crown petroleum and natural gas public offering held on Tuesday, April 4, has raised $11,113,459.75 for the province.

Of the 147 parcels posted this sale, 105 parcels received acceptable bids. These bids covered 22,424.53 hectares.

The Estevan area saw the most interest, bringing in $6,439,086.16 for 50 leases totaling 4,346.132 hectares.

The highest bonus bid received on a lease in this offering is $2,615,989.22 for a 258.7-hectare lease located northeast of Midale. This bid was also the highest dollar per hectare received in this offering, at $10,112.37 per hectare.

The next scheduled date for a public offering in Saskatchewan is June 6, 2023.