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Tourmaline Touts 64% Liquids Output Growth in 2017; Talks Cardium, Montney Ops
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Tourmaline has reported its 2017 results.
Highlights: Tourmaline realized 31% production growth in 2017 over 2016, with 2017 average production of 242,325 boepd – within original full year guidance Liquids production growth of 64% in 2017 over 2016 (oil, condensate, NGLs) Tourmaline added 558 mmboe of 2P reserves and grew liquid reserves 73% after taking into account 2017 annual production After nine years of operation, Tourmaline has total 2P reserves of 2.22 billion boe including 2P natural gas reserves of 10.7 tcf and 2P liquid reserves of 431.6 mmboe of oil, condensate and liquids (December 31, 2017), with only 14% of the current overall drilling inventory booked Drilling ActivityAlberta Deep Basin Cardium Gas Condensate Play
Tourmaline is currently drilling the next Cardium…
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