The Government of Saskatchewan says the June oil and gas public offering which was held June 2nd generated almost $17.8 million in revenue ($17,747,731.98)

The province says the Estevan area earned the highest amount.

Companies bid on 61 parcels across Estevan, Lloydminster, Kindersley and Swift Current areas.

In addition, 17 oil shale leases were awarded to Burgess Canadian Resources ULC posted south of Hudson Bay for a combined total of $3,000,003.65. Leases are offered with five-year terms and are issued to drill for and produce oil or natural gas. Exploration licences have terms of two to five years and are issued in less developed areas for exploration and production.

The next offering is scheduled for August 11th.

In the same time frame last year, $9.1 million was raised for the province.