Tourmaline Oil Inc. (TSX: TOU) is a senior oil and gas exploration and production company and Canada’s largest producer of natural gas. Tourmaline’s portfolio of operations focuses on the Western Canadian Sedimentary Basin and includes three core areas. The Alberta Deep Basin is regarded as Alberta’s largest natural gas field. Assets in the play includes ownership interests in thirteen natural gas plants. The company’s goal is to optimize cost management to become one of the major natgas producers in the area. The Montney complex in North Eastern B.C. is rich in gas and condensates. TOU is one of the largest producers in the Montney with current production around 135,000 boepd and a 2021 production target of 155,000 to 160,000 boepd. The Peace River/Charlie Lake holds lands and infrastructure that includes a working interest in 21 gas plants (14 are 100% owned), 19 compressor stations, storage facilities and oil processing.
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®
