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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.


TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta)
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Post by fishcarrieron May 04, 2022 10:37am
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Post# 34654826

NG being squeezed

NG being squeezedFrom an article on OilPrice.com : Natural Gas Intelligence cited Bespoke Weather Services as saying that current inventory and production levels would not be sufficient to meet this demand, which could lead to a situation in which natural gas prices top $10 in the coming weeks. 

U.S. gas inventories are now an estimated 17% below normal for this time of year as exports hit new records and producers hold back from new production. 

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