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Tourmaline Updates Year End 2014
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Tourmaline Oil Corp. has provided an update on year end 2014;
The Company achieved a 2014 production exit of 151,000 boepd and remains on track to meet or exceed 2015 average production guidance of 164,500 boepd (approximately 40% higher than 2014 average production on the current, reduced 2015 capital program of $1.4 billion). Tourmaline expects to tie-in and start up approximately 90 new wells during the first quarter of 2015, 38 of which were already drilled by year end 2014. As announced in December 2014, Tourmaline will reduce the 2015 drilling program from 20 rigs to 16, and can reduce further without impacting the 2015 production outlook. Tourmaline closed the previously announced Peace River High joint venture arrangement with Canadian Non-Operated Resources LP on December 23…- ✓ Full news archive — U.S., Canada & international coverage
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