June oil, gas rights sale yields Sask. government $18M
Last Updated: Thursday, June 11, 2009 | 4:46 PM CT
CBC News
Companies paid $18 million in the June land sale for oil and gas rights on Crown land, the Saskatchewan government announced Thursday.
It's an increase over the previous two land sales this year, but still only a fraction of the $142 million racked up in the June sale in the record-setting year of 2008.
Energy and Resources Minister Bill Boyd said in a statement he hopes the upward trend continues in second half of the year.
Crude oil futures, which ended December at $44.60 US a barrel on the New York Mercantile Exchange, ended the day Thursday at $72.68.
"Over time, growing strength in markets will be reflected in increased activity in Saskatchewan's oilpatch," Boyd said.
More than half of the money from the June sale is connected to bids in the Weyburn-Estevan area.
The government holds land sales every two months. The next sale will be held on Aug. 10.
Share Tools
Latest Saskatchewan News Headlines
- Norris, 6 others out in major Sask. cabinet shuffle
- There was a big cabinet shuffle in Regina on Friday, with seven people in, seven out and a slew of portfolio changes. more »
- Suspect arrested in alleged U of S assault
- A 22-year-old man is charged with sexual assault and uttering threats, following an incident at the University of Saskatchewan, police say. more »
- Scotiabank Hockey Day in Canada heads to Lloydminster
- Scotiabank Hockey Day in Canada is heading west to Lloydminster, Alta./Sask., in February, 2013 for its 13th annual broadcast. more »
- Racing day at Saskatoon's Marquis Downs
- There was a buzz of excitement at Marquis Downs in Saskatoon on Friday, the beginning of the live racing season. more »
Top News Headlines
- Everest victim's husband says family not seeking government help
- The husband of a Toronto woman who died trying to climb Mt. Everest on Saturday says his family is not seeking government help to cover the cost of bringing his wife's body home. more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Teens share bullying tales in confession booth
- Raw stories about bullying emerged when a video booth was set up inside a Quebec high school. more »
- Serial carjacker gets life term for fatal crash
- An Ontario judge was moved to tears while delivering a life prison sentence to a serial carjacker who killed a woman and injured five others after driving a stolen van into her car during a 2010 police chase. more »
- Norris, 6 others out in major Sask. cabinet shuffle
- Firefighters describe hostile workplace in Prince Albert
- RCMP to close labs in Halifax, Winnipeg, Regina
- Volleyball team enjoys an impromptu moment with Prince Charles
- Suspect arrested in alleged U of S assault
- Toronto drug dealers visit Saskatoon to ply trade, police say
- New nightclub aims to keep gang members away
- Suspect sought in alleged sexual assault
- Sex products removed from shelves in Saskatoon
Play On! Canada's largest street hockey tournament!
