Operator
Tourmaline Oil Corp.
39 articles mentioning Tourmaline Oil Corp. · Page 1 of 2
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released in mid-2025. The plan also reflects continued build-out...
Topaz Energy Expands Montney Royalty Footprint
Topaz Energy said it will acquire gross overriding royalty (GORR) interests across ~134,000 gross acres in the NEBC Montney, 65% of which remain undeveloped from Tourmaline Deal Terms: Transaction Value: $71.7 million (cash) Funding: Drawn from...
Tourmaline Talks Fourth Quarter 2019 Results; 2020 Plan
Tourmaline Oil Corp. reported financial and operating results for the full year and fourth quarter of 2019 as well as 2019 reserves results. 2019/2020 Capital Programs Full-year EP capital spending in 2019 was $1,033.1 million. The...
Tourmaline Inks Three New Montney Deals (Two Mergers)
Tourmaline Oil Corp. has struck three new deals, two of which are mergers and one an acreage package. Deal 1: Tourmaline Acquires Chinook Energy ($24.4 million) Deal 2: Tourmaline Acquires Montney-Focused Polar Star ($9.0 million) Deal...
Tourmaline Confirms 2020 Plans; Spending Down, Production Flat
Tourmaline Oil Corp. has confirmed its 2020 capital plans and production outlook for 2020. Capital Summary The company is spending ~12% less from 2019 and aim to keep production relatively flat for 2020. The company also...
Tourmaline Spending Slightly Less in 2020; Production Unchanged
Tourmaline Oil Corp. reported financial and operating results for the third quarter of 2019. 2020 Capital Program The Company has approved a 2020 EP capital program of $900 – 925 million which will result in 2020...
Tourmaline Details Q2 Results, Financials
Tourmaline Oil Corp. reported its financial and operating results for the second quarter of 2019. Highlights: 1H 2019 production average was 286,955 boepd, including impact of Q2 gas storage injections and gas price-related program deferrals. With...
Tourmaline Reports Q1 2019 Results, Montney Ops
Tourmaline Oil Corp. reported financial and operating results for the first quarter of 2019. Highlights: Q1 2019 production averaged 293,434 boepd, a 9% increase over Q1 2018 and a 6% increase over the prior quarter. March...
Tourmaline Cuts 2019 Budget While Maintaining Production Outlook
Tourmaline Oil Corp. has updated its 2019 guidance and ongoing EP activities. Cuts Budget -4% for 2019 The 2019 EP capital program has been reduced to $1.225 billion from the $1.3 billion announced on November 7,...
Tourmaline Sees Lower than Expected Q2 Output; Plans Completion Ramp-Up in 2H18
Tourmaline Oil reported its Q2 2018 results. Highlights: - Q2 2018 average production of 260,930 boepd was below the originally-anticipated 265,000-275,000 boepd range. Q2 2018 production was impacted by a sales compressor failure at the Musreau...
Tourmaline Touts 64% Liquids Output Growth in 2017; Talks Cardium, Montney Ops
Tourmaline Energy has detailed its 2017 Montney and Cardium wells and drilling activity as well as production rates.
Tourmaline Plans 12 Rig Program for 2018; Reports Q3 Production of 236 MBOEPD, a YOY Increase of 40%
[Summary: Tourmaline reported its Q3 reults. Highlights include: Average daily production in Q3 was 236,905 boe/d, a 40% increase from Q3 2016 when production was 169,347. Crude oil and NGL production was 38,995 bbl/d, an increase...
Tourmaline Plans to Lower Rig Count in 2018; Will Drill 22.3% Fewer Wells in 2018
Tourmaline Oil reported its Q3 results and outlined its 2018 operational and spending plans. Highlights include: Tourmaline averaged 236,905 boe/d in Q3, which was about a 40% increase from Q3 2016. The company expects to exit...
Montney Operator Cuts $220 Million from 2018 Plans
Tourmaline is reporting that the company plans to cut its planned 2018 development plan. Initially the company planned to spend $1.7 billon but that has been cut back to $1.5 billion. This is a decrease of...
Tourmaline Updates Q2 EP Activities, Ramps Up Rig Count
[Summary: Tourmaline announes updated Q2 2017 EP activites. The Company is currently operating 10 drilling rigs and will ramp to the full 18 rig fleet during the first half of July. Frac operations are underway on...
Tourmaline Boosts 2017 Capex Up 46% YOY; Wells Plan To Drill
Pro forma the Shell Canada transaction, Tourmaline is expecting average production between...
Tourmaline Runs 14 Rigs in Q3; Will Add Three More in Q1 2017
Tourmaline reported its Q3 2016 results.
Tourmaline Running 13 Rigs in Q3; Ramping Up to 17 in 1Q17
Tourmaline now expects to operate a 14 rig program in 2017, up from...
Montney Operator Ramping Up to 12 Rigs in 2017; 30 Stage Frac's
Tourmaline Oil Corp. reported an operations and financial update. Quick Read The current 2017 EP capital program assumes a 12 rig program. The Company has now drilled and completed 30 stage Montney horizontals in NEBC for...
Tourmaline Wraps $280.6MM Offering Aimed at Debt Reduction
The net proceeds of the offering and concurrent private placement will be used to temporarily reduce bank indebtedness under its credit facility.