Exploration & Production | Rig Count | Debt | Forecast - Production | Hedging | Capital Markets | Capital Expenditure | Drilling Program | Drilling Contractor
Tourmaline Lowers 2015 Drilling & Completions Budget
Print
|
.jpg)
Tourmaline Oil Corp. has provided an update on recent activities and announce a revised capital program for 2015.
EP Update Current production is 145,000 boepd and will exceed the 2014 exit target of 150,000 boepd with the start-up of the Wild River plant expansion on December 22. Construction of the 50 mmcfpd Wild River phase 3 expansion has been completed, and commissioning is ongoing. Wild River was the last of the five major facility projects successfully completed by the Company during the fourth quarter. Tourmaline has approximately 90 mmcfpd of tested, tied in production to fill the expansion. Tourmaline has rig released 147 new wells since spring break-up in May, approximately 35 wells ahead of 2014 exit expectations. Per well drill times have been reduced as EP efficiencies…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…