Saturn Oil & Gas Increases 2026 Guidance Following Operational Outperformance

Saturn Oil & Gas Inc., a light oil-weighted producer focused on unlocking value through development of assets in Saskatchewan and Alberta, has increased its guidance for full-year 2026. The company has revised its average annual production estimate by around 10% to between 43,000 and 44,000 boe/d, with target exit volumes between 48,000 and 50,000 boe/d.

The development capital budget has been expanded to $355 to $375 million, which draws on the company's deep and growing inventory of projects. These projects are focused on maximizing capital efficiencies and targeting opportunities with short full-cycle times and attractive return potential.

According to John Jeffrey, Saturn's Chief Executive Officer, 'The Saturn team is excited to be expanding our capital program into a constructive oil price environment, with organic production growth from our expanded scale, enhanced inventory depth and quality of development opportunities following a series of accretive tuck-in acquisitions to date in 2026.'

The revised capital program reflects Saturn's confidence in the economics of its development inventory and the opportunity to deploy incremental capital into projects expected to generate attractive returns in the current commodity price environment.