Exploration & Production | Reserves | Production Rates | Capital Markets | Capital Expenditure | Drilling Program
Tourmaline Drilling 205 Wells, Running 16 Rigs
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Tourmaline Oil Corp. has announced reserve and production results for full year 2014.
Highlights Proved plus probable reserves (2P) increased to 855.8 mmboe during 2014, a 45% increase over 2013 reserves of 590.1 mmboe (38% growth per diluted share). Proved reserves increased 49%, proved developed producing (PDP) and proved developed non-producing reserves increased by 50%. 2P crude and natural gas liquids ("NGL") reserves increased 54% to 131.7 mmbbls. 2014 2P finding, development and acquisition costs ("FD&A") including future development costs ("FDC") were $10.40/boe, 12% lower than 2013 FD&A including FDC costs ($11.84/boe). Tourmaline total 2P reserves at year end 2014 are 4.34 tcf of natural gas and 131.7 mmbbls of oil, condensate and NGL, all with access to (or all of which can be…- ✓ Full news archive — U.S., Canada & international coverage
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