Record Quarterly Production
Saturn achieved a record quarterly production of nearly 41,700 barrels per day, up from just over 41,000 barrels per day in Q4 of 2024.
Strong Financial Performance
Saturn generated record adjusted fund flow of $131 million and adjusted EBITDA of $158 million, exceeding analyst expectations.
Operational Efficiency and Cost Savings
Operational efficiencies led to reduced operating costs by 13%, driving a cost savings of $7.5 million in the second half of 2024, with a projected $15 million cost savings for 2025.
Successful Drilling and Development Programs
Completion of 33 gross wells and a successful execution of the Q1 capital program with zero lost time injuries despite a 69% increase in person hours worked.