Saturn is a light oil weighted oil and gas producer focused on organic growth and accretive acquisitions.
In June 2021, Saturn acquired the Oxbow Asset in Southeast Saskatchewan increasing the Company’s production by 2,000%.
With a deep inventory of 350+ booked drilling location targeting light oil, Saturn has commenced its 2021 field development operations with a program of workovers and development drilling.
In July 2022, Saturn acquired the Viking Acquisition bolstering light oil production in West Central Saskatchewan with the addition of approximately 4,000 boe/d (98% light oil and NGLs) increasing production by over 50%.
In February 2023, Saturn acquired a private company, Ridgeback Resources Inc., increasing crude oil and natural gas production by 140% with the addition of over 17,000 boe/d (72% light oil and NGLs). The Ridgeback acquisition increased Saturn’s production in the Oxbow Asset in Southeast Saskatchewan by over 65%. The Ridgeback Acquisition also added three light oil development areas in Alberta, highlighted by the Cardium Asset with over 300 identified horizontal drilling locations.