The huge play is the Bakken, in Southeast Sask. Do a Google search for more companies.
Not sure about the royalty structure but the Conservatives, in power for a year, have pledged to keep it the same as it is now. They are generally seen as oil friendly.
Crescent Point Energy has a good reputation (based in Calgary, but working in the Bakken.)
Estevan real estate is already hot, as are most towns in the region, but it's about 200 kms from Regina.
Oil prices are anyone's guess. I've heard sources saying the low is anywhere from $25 to $50. Of course that would be a dip, but we're in a crazy environment right now.
Good luck.
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