SASKATCHEWAN’S OIL & GAS OPPORTUNITIES The Investment Climate Crown Oil & Gas Rights • • • • •
Over 25 million hectares (62 million acres) of provincially-held petroleum and natural gas rights within the surveyed portion of Saskatchewan’s sedimentary basins Approximately 5.9 million hectares (14.6 million acres) presently under disposition for oil and gas Low-cost mineral acquisition opportunities A number of disposition types designed for the type of play being sought Available through public sale process six times a year Existing Oil and Gas Dispositions in Saskatchewan Legend:
Disposed Crown Oil and Gas Rights Private Minerals Available Crown Oil and gas rights
The Land Sale Process
• • • • •
Public sales held six times a year About 86,000 hectares (213,000 acres) offered at each sale Posted parcels are requested by the oil and gas industry Any known drilling restrictions are advertised with each parcel Competitive bidding by sealed tender
www.economy.gov.sk.ca
Oil Sands in Saskatchewan • Located immediately adjacent to the massive Athabasca oil sands deposit • Estimated 2.7 million hectares (6.7 million acres) of potential in northwest Saskatchewan • Only 27,000 hectares (67,000 acres) presently disposed • Over 28 metres (92 feet) of pay thicknesses reported by present exploration program • Rights made available for public sale as of August 2007 • Excellent opportunity to participate in grassroots-level exploration
Recent Trends and Activities • • •
World-class Bakken Formation oil play in southeast Saskatchewan Lower Shaunavon Formation oil play in southwest Saskatchewan Emerging and prospective plays: o Viking and Birdbear Formation oil plays in west-central Saskatchewan o Torquay Formation (Three Forks/Sanish equivalent in USA) oil play in southeast Saskatchewan o Shale gas in central and east-central Saskatchewan
Want to know more? Contact: Paul Mahnic Director, Petroleum Tenure Saskatchewan Ministry of the Economy 200 - 2101 Scarth Street Regina SK S4P 2H9 Phone: (306) 787-5385 Fax: (306) 787-0620 E-mail: paul.mahnic@gov.sk.ca Visit our website at www.economy.gov.sk.ca and click Saskatchewan’s Oil & Gas Resources to learn more about oil and gas opportunities, land tenure information and processes.
Disclaimer: The information in this document is accurate as of May 2012; however the Government of Saskatchewan accepts no liability for any actions taken as a result of the information contained herein. Printed in Canada.