Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

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.

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Tourmaline Oil Corp (Alberta)

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Post by fishcarrieron Apr 24, 2022 6:22pm

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Post# 34627639

High LNG prices are here to stay for years to come.

That's the heading in an article in OilPrice.com. Worth reading! Here are the headlines:

By Tsvetana Paraskova - Apr 24, 2022, 4:00 PM CDT

The global market for LNG has turned from a buyer’s market to a seller’s market.
The West’s push to diversify away from Russian gas has created a particularly tight LNG market.
The market is likely to remain tight for years to come, or at least until the completion of new LNG hubs in Qatar and the United States.