Welcome to our dedicated page for Saturn Oil Gas news (Ticker: OILSF), a resource for investors and traders seeking the latest updates and insights on Saturn Oil Gas stock.
Saturn Oil & Gas Inc. reports operating and financial developments as a Canadian light oil-weighted producer with operated assets in Saskatchewan and Alberta. Company news commonly covers production performance, adjusted funds flow, free funds flow, development capital budgets, drilling activity across multiple zones, and independent reserves evaluations prepared under Canadian oil and gas disclosure standards.
Saturn updates also address capital allocation, including debt repayment, share repurchases under its normal course issuer bid, and acquisitions intended to complement its existing asset base. Corporate news includes governance and structure matters, such as the completed vertical amalgamation of wholly owned subsidiaries into a single corporate entity, while trading references identify the shares on the TSX under SOIL and on the OTCQX under OILSF.
Saturn Oil & Gas (TSX: SOIL, OTCQX: OILSF) has completed its offer to acquire all common shares of Burgess Creek Exploration, a privately held, 97% light oil and liquids-weighted producer with assets in Saturn’s core Oxbow area in southeast Saskatchewan.
Following expiry of the Offer and a mandatory 10-day extension, Saturn has taken up and paid for 133,408,948 Burgess Creek shares, representing over 99.7% of the issued and outstanding shares. Saturn will now acquire the remaining shares via a compulsory acquisition under the Business Corporations Act (Alberta), with remaining shareholders entitled to receive the same per-share cash consideration as under the Offer.
According to Saturn, remaining Burgess Creek shareholders must submit a letter of transmittal and share certificates to the depositary to receive payment. Saturn intends to pay the cash consideration for these remaining shares on or about August 26, 2026.
Saturn Oil & Gas (TSX: SOIL, OTCQX: OILSF) raised its 2026 guidance, increasing average annual production by ~10% to 43,000–44,000 boe/d and targeting exit volumes of 48,000–50,000 boe/d (~84% liquids). The Company expanded its development capital budget to $355–$375 million, with 85% directed to drilling, completion, equip and tie-in and plans to drill 156 (136.2 net) wells across Saskatchewan and Alberta.
According to Saturn, forecast adjusted funds flow rises ~60% versus original 2026 guidance to $535–$570 million ($2.95–$3.15/share), with free funds flow of $150–$200 million ($0.80–$1.10/share), implying a 15–20% yield and supporting debt repayment and shareholder returns. Updated metrics assume US$80 WTI and reflect accretive tuck-in acquisitions and a completed senior notes refinancing, with proforma net debt to adjusted EBITDA expected at 1.3x–1.5x.
Saturn Oil & Gas (OTCQX: OILSF) reported Q2 2026 average production of 41,447 boe/d (81% oil and liquids), exceeding guidance for the eighth straight quarter. Petroleum and natural gas sales reached a record $359 million, driving adjusted funds flow of $122.6 million ($0.68/share) and free funds flow of $82.5 million ($0.46/share). Net income was $108 million ($0.60/share), and adjusted EBITDA totaled $142 million, with net debt of $761.6 million and a net debt to annualized adjusted EBITDA ratio of 1.3x.
Saturn invested $40 million in capital expenditures and $45 million in strategic tuck-in acquisitions, and repurchased 1.3 million shares for $8.4 million under its NCIB. Subsequent events include SE Saskatchewan acquisitions totaling an estimated $173 million, pricing of new 2031 senior unsecured notes (US$575 million at 8.5%, C$185 million at 7.5%) to refinance 2029 secured notes, completion of a 12.1 million-share NCIB, and expansion of the syndicated credit facility to an elected commitment of $200 million within a $500 million borrowing base.
Saturn Oil & Gas (TSX: SOIL, OTCQX: OILSF) reports that its offer to acquire all common shares of privately held Burgess Creek Exploration, a 97% light oil and liquids-weighted producer in southeast Saskatchewan, has been accepted by holders of over 99% of Burgess Creek's outstanding shares, satisfying minimum tender and all other offer conditions.
Computershare reported that by 5:00 p.m. Calgary time on July 24, 2026, shareholders had validly deposited at least 133,233,948 Burgess Creek shares, which Saturn has taken up and will pay for within three business days. The offer is being mandatorily extended to 5:00 p.m. on August 6, 2026, with Saturn intending to acquire any remaining shares afterward through compulsory acquisition under Alberta corporate law.
Saturn Oil & Gas (OTCQX: OILSF) priced a private dual-tranche senior unsecured notes offering consisting of US$575 million 8.5% USD Notes and C$185 million 7.5% CAD Notes, both issued at par and maturing on July 30, 2031. Interest accrues from July 30, 2026 and is payable semi-annually each January 30 and July 30, starting January 30, 2027. The notes are non-callable for two years, with subsequent calls starting at par plus 50% of coupon and stepping down to par, and include a mandatory semi-annual offer to repurchase 2.5% of principal at 101% after the first interest payment.
According to Saturn, net proceeds are expected to fund the cash portion of a proposed core-up acquisition in southeast Saskatchewan, redeem the outstanding US$504 million 9.625% senior secured second lien notes due 2029, reduce credit facility borrowings and support general corporate purposes. Saturn has issued a conditional notice to redeem all 2029 notes one business day after the new offering closes, subject to completion of the offering and in accordance with the existing indenture.
Saturn Oil & Gas (TSX: SOIL, OTCQX: OILSF) released unaudited, preliminary highlights for Q2 2026, with average production of 41,447 boe/d (81% oil and liquids) and first-half 2026 volumes of 42,277 boe/d. Preliminary petroleum and natural gas revenue was approximately $359 million, based on an average realized price of $95.11/boe, generating an operating netback, net of derivatives, of $39.05/boe.
According to Saturn, Q2 2026 adjusted funds flow was about $122 million, adjusted EBITDA about $142 million, and capital expenditures $40 million, resulting in free funds flow of roughly $82 million. A conference call to discuss full Q2 results is planned for July 30, 2026, after detailed financials are released on July 29, 2026. All figures are preliminary, unaudited and subject to change.
Saturn Oil & Gas (OTCQX:OILSF, TSX:SOIL) amended its syndicated credit facility, extending the tenor from two to three years, with maturity now on July 31, 2029.
The elected commitment increased from $150 million to $200 million, within a total borrowing base and commitments of up to $500 million, and the company expects a lower borrowing cost.
Saturn Oil & Gas (OTCQX:OILSF, TSX:SOIL) reported voting results from its May 21, 2026 Annual and Special Meeting. All resolutions were approved, with 138,348,252 common shares voted, representing 76.2% of outstanding shares.
Eight directors were elected and KPMG LLP was reappointed auditor.
Saturn Oil & Gas (OTCQX: OILSF) reported Q1 2026 production of 43,116 boe/d, 3% above the high end of guidance, adjusted funds flow of $107.2M and free funds flow of $62.5M. Net debt fell 5% to $725M. Capital expenditures were $44.8M with 23 gross wells drilled. The company plans to accelerate ~$20M of H2/26 capital into Q2/26 and has returned $59.1M to shareholders via buybacks since Aug 2024.
Saturn Oil & Gas (OTCQX: OILSF) will release its Q1 2026 financial results on Wednesday, May 6, 2026 after market close. A conference call and webcast for investors and analysts is scheduled for Thursday, May 7, 2026 at 8:00 am MT (10:00 am ET).
Live webcast and dial‑in details are provided, and an audio replay will be available one hour after the call and remain accessible for 12 months.