Tourmaline Oil Corp., Canada’s largest natural gas producer, surprised the market with a strategic pivot in its Q3 2025 earnings call: the company is pursuing a potential sale of its Peace River High (Charlie Lake) light oil and gas complex, a flagship asset located in northwest Alberta.
There was a 36.5% increase in drilling activity in Q1 2025 compared to Q1 2024. This strong start suggests greater operator confidence, likely supported by more stable commodity prices and an uptick in investment plans for the year.
Tourmaline Oil Corp. (TSX) has announced a significant strategic move with the acquisition of Crew Energy Inc. for approximately $1.3 billion. T
A group of Canada’s largest natural gas producers including Tourmaline Oil Corp. and Ovintiv Inc. is pushing forward with a gas-export project called Ksi Lisims LNG and has filed for environmental approval for the 12 million-metric-ton-a-year facility on the West Coast.
Tourmaline Oil Corp. announced an agreement Monday to buy Bonavista Energy Corp. in a deal worth $1.45 billion.
Tourmaline is currently operating 13 rigs across the three EP complexes. The Company drilled 86 net wells and completed 75 net wells in the third quarter of 2022.
Tourmaline Oil cash flow has been increased to $6.58 billion, up 28% from previous guidance of $5.14 billion.
Tourmaline Oil Corp. First quarter 2022 production average was a record 507,059 boepd, within the guidance range of 500,000-510,000 boepd
Tourmaline Oil Corp. says it earned nearly half of its $2 billion net profit last year in the final quarter of 2021.
Tourmaline Oil 2022 capital budget of $1.125 billion is expected to deliver average production of 500,000-510,000 boepd. Download drilling report.
