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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. The Company is focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. It operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil. The Company has ownership interests in 16 natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with an aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. The Company owns and operates two oil batteries at the Peace River Triassic Oil basin, which handles approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.


TSX:TOU - Post by User

Comment by Cobalton Mar 15, 2024 9:35pm
124 Views
Post# 35936137

RE:Many uses of NG, now Crypto mining then the rest

RE:Many uses of NG, now Crypto mining then the restGot a new one for you AI will need as much power as every US house uses per year by 2030.
Thats like 25 to 35% more. Piple lines deals are being done in AI alley, Meta added some would say the best Nat gas trader to their board. NA with cheap power is about to eat every other countries lunch.
EU and their terrible energy policy then comes along AI needing 25% more power LOL

CriticalMind55 wrote:
  1. Residential Use:

    • Heating: In homes, natural gas is commonly used for space heating during cold weather.
    • Cooking: It powers stoves and other kitchen appliances.
    • Water Heating: Natural gas heats water for showers, baths, and household chores.
    • Clothes Drying: Gas dryers efficiently dry laundry.
    • Outdoor Lights: Some outdoor lighting systems run on natural gas.
    • Garage Heaters: Natural gas heaters keep garages warm.
  2. Industrial and Commercial Applications:

    • Electricity Generation: Natural gas-fired power plants produce electricity.
    • Chemical Feedstock: It serves as a raw material for manufacturing plastics and other essential organic chemicals.
    • Fertilizers and Dyes: Natural gas is necessary for producing these chemical products.
    • Space Heating: Commercial buildings use natural gas for heating.
    • Industrial Processes: Many industries rely on natural gas for their operations.
  3. Less Common Uses:

    • Vehicle Fuel: While less prevalent, some vehicles run on compressed natural gas (CNG).
    • Methanogens and Biogenic Methane: Tiny microorganisms called methanogens create natural gas (methane) in low-oxygen environments near the surface. Landfills, for instance, contain decomposing matter that methanogens break down into biogenic methane. New technologies aim to harvest this potential energy source.


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