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CS - Saturn to double 2019 capex to $41.5MM & drill 36 ERHs - May 2019
Saturn Oil & Gas announced total capital expenditures of $41.5 million for 2019, including $39.6 million on drilling, completions and tie-ins. The plan is essentially double the $20.7 million spent in 2018, which funded the drilling of 17 net Viking light oil wells including 15 extended reach horizontals. The 2019 program calls for Saturn to drill 36 Viking extended reach horizontals.It has already spent $9.9 million to drill nine wells in Q1 on its Milton, Kerrobert and Prairiedale lands, down from......
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