Lower crude oil prices are looking like they are going to hammer the fiscal plan of Saskatchewan.

DBRS Inc, a bond-rating service reported that provincial governments are forecasting crude prices to reach roughly $68 U.S. per barrel by 2020.

Based on a consensus forecast, DBRS said it expects oil to trade in the $50-to-55 range through 2019. The same report said if prices happen to be that low Saskatchewan, the province would lose out on $150 million.

David Gowland is the manager of government and stakeholder relations at Cresent Point Energy.

"I can't speak for the Government of Saskatchewan modeling but I know that they've pegged in the budget that oil prices will go up over time," Gowland said. "We see kind of a lower-for-longer mentality where we anticipate where we expect oil to trade between $45-to-65 range for the next few year."

Saskatchewan expects resource revenue will make up 11 percent of its budget in 2019-2020.