Saturn Oil & Gas to Acquire Corex Resources in $302 Million Deal

Key Facts

1Saturn Oil & Gas announced a definitive agreement to acquire 100% of Corex Resources for $302 million.

2The acquisition adds approximately 7,000 bbl/d of light oil production in Saskatchewan and Manitoba.

3The deal is expected to increase the company's 2026 exit production rate to 54,000 - 56,000 boe/d.

Saturn Oil & Gas announced a definitive agreement to acquire 100% of Corex Resources for $302 million. Newsfile Corp reported that the acquisition adds approximately 7,000 bbl/d of light oil production in Saskatchewan and Manitoba. The deal is part of Saturn's strategic expansion into light oil-weighted core areas to increase production and free funds flow.

The acquisition is expected to increase the company's 2026 exit production rate to between 54,000 and 56,000 boe/d. Regarding market performance, OILSF closed at $5.66 on October 16, 2026, having traded between a day high of $5.68 and a day low of $5.55 during that session.