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Saturn hits 1,000 barrels per day production milestone

Saskatoon –Saturn Oil & Gas Inc. announced on Nov. 19 that with the success of the recent drill program the Company has achieved a production rate of 1,000 bpd.
Saturn
Lasso Drilling Rig 4 has been punching holes for Saturn Oil & Gas Inc. Photo courtesy Saturn Oil & Gas Inc.

Saskatoon –Saturn Oil & Gas Inc. announced on Nov. 19 that with the success of the recent drill program the Company has achieved a production rate of 1,000 bpd. Additionally, the company has commenced drilling its Q4 of 2018 Viking horizontal program.

Saturn currently has 16 gross (14 net) producing Viking horizontal wells and anticipates drilling 18 additional 100 per cent working interest Viking horizontal wells through Q4 of 2018 and Q1 of 2019.

Stuart Houle, Saturn’s vice-president of engineering and 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.”