Chord Energy (US:CHRD) Newsfile·2025-09-08 11:00Core Insights - Saturn Oil & Gas Inc. has announced a corporate update highlighting increased production forecasts for 2025, reduced capital expenditures, strategic tuck-in acquisitions, and the appointment of Lynn Peterson as an independent board member [2][4][10] Production and Financial Updates - The company has revised its 2025 exit production forecast to 43,000 to 44,000 boe/d, representing a 12% increase over the original guidance of 38,000 to 40,000 boe/d [4][8] - The average annual production is expected to rise by 8% to a range of 41,000 to 43,000 boe/d [4][8] - Development capital expenditures have been reduced by 18% to a range of $245 to $265 million from the previous estimate of $300 to $320 million [4][6][8] - The net debt to adjusted EBITDA ratio is projected to remain stable at 1.2 to 1.4 times, consistent with prior guidance [4][8] Strategic Acquisitions - Saturn has engaged in approximately $85 million of strategic tuck-in acquisitions within its core areas in southeast Saskatchewan and Central Alberta, enhancing production and operational efficiency [5][14] - The tuck-in acquisitions are expected to add approximately 5,400 boe/d of production, with an average production addition cost of $15,900 per flowing barrel [8][14] - The company has identified 145 gross (125 net) OHML Midale/Torquay locations in southeast Saskatchewan as part of its acquisition strategy [8][14] Operational Performance - Year-to-date drilling performance has exceeded expectations, averaging nearly 1,000 boe/d higher than original forecasts, with several wells ranking among the top in the Bakken and Viking regions [11][12] - The company’s OHML development program in Saskatchewan has demonstrated strong capital efficiencies, with notable well performance [12][13] Board Appointment - Lynn A. Peterson has been appointed to the Board of Directors, bringing over 40 years of energy industry experience, including leadership roles in significant energy companies [7][10]