Saturn Oil & Gas announces 1,000 bopd production rate, operational update
SASKATOON, Sask. – Saturn Oil & Gas Inc. is pleased to announce that with the success of the recent drill program the company has achieved a production rate of 1,000 bopd. Additionally, the company has commenced drilling its fourth-quarter 2018 Viking horizontal program.
Saturn currently has 16 gross (14 net) producing Viking horizontal wells, and anticipates drilling 18 additional 100% working interest Viking horizontal wells, through fourth-quarter 2018 and first-quarter 2019.
Stuart Houle, Saturn’s V.P. engineering & operations, stated, “We have been impressed with the initial and prolonged production results from our 2018 Viking horizontal programs. Saturn has had continued operational success that supports full field development over many of its land assets. We look forward to executing this upcoming program that should allow us to achieve our 2018 exit production rate goal.”
