Saturn returns 90% of production curtailed by Alberta wildfires

June 21, 2023
Saturn Oil & Gas Inc., Calgary, last week restored over 90% of the estimated 10,000 boe/d of production that was curtailed since May 4, 2023 as a result of the wildfires in Alberta.

Saturn Oil & Gas Inc., Calgary, last week restored over 90% of the estimated 10,000 boe/d (60% oil and NGLs) of production that was curtailed since May 4, 2023, as a result of the wildfires in Alberta.

The company is assessing potential damage of its wells and infrastructure.

Saturn Oil & Gas has operated assets in southeastern Saskatchewan, west central Saskatchewan, and central Alberta.

The company’s Alberta assets—gained through acquisition of Ridgeback Resources Inc.—are comprised of Cardium focused development areas in central Alberta and the Kaybob and Deer Mountain areas of northern Alberta (OGJ Online, Mar. 3, 2023).

Production from the Alberta assets include 8,810 boe/d from the Cardium asset in March, which contributed an average of 3,034 boe/d during first-quarter 2023; and 3,189 boe/d from the north Alberta assets in March, which contributed an average of 1,099 boe/d in the year’s first quarter.