Saturn Oil & Gas Inc.
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in mil. unless spec.Company Description
- CEO
- John Jeffrey
- Full Time Employees
- 373
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 600 - 3rd Avenue SW Calgary AB Canada T2P 0G5
- IPO Date
- Jun 25, 2008
- CIK
- 0001868917
- Website
- saturnoil.com
- Similar Companies
- Business
- Saturn Oil & Gas Inc engages in the exploration, development, and production of oil and natural gas primarily in Saskatchewan and Alberta, Canada. The company’s main products include light crude oil, natural gas liquids, and natural gas, with development activities focused on high-quality oil-weighted assets. Its core operations involve acquiring, exploiting, and optimizing oil and gas reserves, with a strong emphasis on the Viewfield Bakken, Lower Shaunavon, Torquay, and Bakken formations. Saturn also provides asset integrity management and supports operational efficiencies through innovative chemical products and technical support in the oil and gas sector. Recent major changes include a transformative $525 million accretive acquisition of core-area oil-weighted assets in Southeast and Southwest Saskatchewan, which collectively add about 13,000 barrels of oil equivalent per day (boe/d) of predominantly liquids-weighted production. This strategic buy expands Saturn’s Tier 1 drilling inventory by approximately 950 gross drilling locations and enhances operational synergies by consolidating adjacent acreage with existing operations. Following this, the company secured a US$625 million debt commitment facilitating a stronger capital structure to support continued development. Saturn has strategically shifted capital towards accretive tuck-in acquisitions valued at approximately $85 million, adding about 5,400 boe/d and newly acquired land in the Viewfield Bakken area, further expanding drilling locations. Additionally, the company completed a vertical amalgamation and jurisdictional shift to Alberta for greater operational efficiency. Production guidance for 2025 has been increased to an exit rate of 43,000 to 44,000 boe/d, representing a 12% increase over original targets, while reducing capital expenditures by circa 18% to $245 to $265 million. Founded in 2007, Saturn Oil & Gas maintains its headquarters in Calgary, Alberta. It operates as a mid-cap Canadian energy producer with a focus on light crude oil development and production within established and emerging plays in Saskatchewan and Alberta. The company targets sustainable growth through acquisition-led expansion, operational efficiency, and disciplined capital allocation aimed at maximizing shareholder value. Saturn is publicly traded with ticker symbol OILSF and continuously updates investors on its operational performance and strategic developments. Saturn’s portfolio and operations reflect a commitment to responsible resource development, leveraging extensive regional expertise and infrastructure to optimize production and cost structures. Its recent strategic initiatives underscore a focus on consolidation and value accretion within core light oil assets for long-term growth and cash flow generation. The company's comprehensive operational capabilities include geological evaluation, drilling, production optimization, and advanced chemical and asset integrity services supporting lifecycle management of oil and gas assets.
Company News
Saturn Oil & Gas Inc. Announces TSX Approval to Renew the Normal Course Issuer Bid, Continuing Our Active Shareholder Returns Strategy
Saturn Oil & Gas Inc. Announces Compulsory Acquisition for the Common Shares of Burgess Creek Exploration Inc. Following Expiry of the Offer
Saturn Oil & Gas Inc. Increases 2026 Guidance Following Continued Operational Outperformance, Successful Tuck-In Acquisition Activity and Senior Notes Refinancing
Saturn Oil & Gas Inc. Announces Second Quarter 2026 Results with Production Ahead of Guidance and Over $82 Million of Free Funds Flow
Saturn Oil & Gas Inc. Announces Completion of the Offer for the Common Shares of Burgess Creek Exploration Inc. and Mandatory Extension Period to August 6, 2026
Saturn Oil & Gas Inc. Announces Pricing of Dual-Tranche US$575 Million and C$185 Million of Senior Unsecured Notes Due 2031 and Planned Redemption of Outstanding US$504 Million of Senior Secured Second Lien Notes Due 2029
Saturn Oil & Gas Inc. Announces Preliminary Second Quarter 2026 Highlights
Saturn Oil & Gas Inc. Announces Extension and Increase to Credit Facility
Supported Take-Over Bid of Burgess Creek Exploration Inc. Deposit Period News Release
Saturn Oil & Gas Inc. Announces Approval of All Resolutions and Voting Results of Annual and Special Shareholder Meeting
Saturn Oil & Gas Inc. (SOIL:CA) Q1 2026 Earnings Call Transcript
Saturn Oil & Gas Inc. Announces First Quarter 2026 Results Highlighted by Production, Adjusted Funds Flow and Free Funds Flow Ahead of Expectations
Saturn Oil & Gas Inc. Announces Release Date for Q1 2026 Results and Provides Conference Call / Webcast Details
Saturn Oil & Gas: Q4 Results Are Nothing To Sneeze At
Saturn Oil & Gas Inc. (SOIL:CA) Q4 2025 Earnings Call Transcript
Saturn Oil & Gas Inc. Announces 2025 Results and Reserves, With $110 Million of Debt Repayment, Record Q4 Production Ahead of Guidance and 50% Free Funds Flow Yield
Saturn Oil & Gas Inc. Announces Release Date for Q4 and Full Year 2025 Results and Provides Conference Call / Webcast Details
Saturn Oil & Gas Completes Vertical Amalgamation
Saturn Oil & Gas: Still Cheap Heading Into 2026
Saturn Oil & Gas Inc. (SOIL:CA) Discusses 2026 Capital Budget, Development Strategy and Flexible Asset Management Transcript