Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

Tourmaline Oil Corp. is a natural gas producer, which is focused on producing natural gas in North America. 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. It has ownership interests in 22 natural gas plants in the Alberta Deep Basin. It owns and operates seven natural gas processing facilities with an aggregate capacity of approximately 1.0 Bcf/d with related gas gathering systems and NGL handling infrastructure in the NEBC complex. The Company owns and operates two oil batteries in the Peace River Triassic Oil basin. The Company’s operations are focused on northeast British Columbia and include a large contiguous land base with a Montney resource. Its Montney area assets include Septimus / West Septimus, Groundbirch, Monias and Tower.

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Tourmaline Oil Corp (Alberta)

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Post by EdPaquetteon Jan 31, 2023 12:58pm

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Post# 35257212

EIA

In November 2022, dry natural gas production increased year over year for the month for the 20th consecutive month. The preliminary level for dry natural gas production in November 2022 was 3,023 billion cubic feet (Bcf), or 100.8 billion cubic feet per day (Bcf/d). This level was 3.1% (3.1 Bcf/d) higher than November 2021 (97.7 Bcf/d) and the highest level for any month since 1973, when we began tracking dry natural gas production. Gross withdrawals also increased from November 2021:
Gross withdrawals: 3,677 Bcf for the month, or a daily rate of 122.6 Bcf/d
A 3.7% increase compared with November 2021 (118.2 Bcf/d)
Highest daily rate of gross withdrawals for any month since 1980, the earliest year in this data set
Estimated natural gas consumption in November 2022 was 2,777 Bcf, or 92.6 Bcf/d. This level was 3.1% higher than November 2021 (89.8 Bcf/d) and the highest for the month since 2019.
The year-over-year average daily rate of consumption of dry natural gas in November 2022 increased in three of the four consuming sectors. Deliveries of natural gas by consuming sector in November 2022 were as follows:
Residential deliveries: 518 Bcf for the month, or a daily rate of 17.3 Bcf/d
A 7.5% increase compared with November 2021 (16.1 Bcf/d)
Highest residential deliveries for the month since 2019
Commercial deliveries: 357 Bcf for the month, or a daily rate of 11.9 Bcf/d
A 5.6% increase compared with November 2021 (11.3 Bcf/d)
Highest commercial deliveries for the month since 2019
Industrial deliveries: 723 Bcf for the month, or a daily rate of 24.1 Bcf/d
A 0.4% decrease compared with November 2021 (24.2 Bcf/d)
Electric power deliveries: 905 Bcf for the month, or a daily rate of 30.2 Bcf/d
A 2.6% increase compared with November 2021 (29.4 Bcf/d)
Highest electric power deliveries for the month since we began using the current methodology for electric power deliveries in 2001
Net natural gas imports (imports minus exports) were -309 Bcf, or -10.3 Bcf/d, in November 2022, making the United States a net natural gas exporter. The United States exported 2.3 times more natural gas than it imported in November 2022. Liquefied natural gas (LNG) exports in November 2022 were 1.0% lower than the daily rate of LNG exported in November 2021. November 2022 was the first time the month has shown a year-over-year decrease in LNG exports since 2014. In November 2022, the United States exported 10.1 Bcf/d of LNG to 25 countries. Natural gas imports increased year over year in November 2022, while natural gas exports decreased:
Total imports: 245 Bcf for the month, or a daily rate of 8.2 Bcf/d
A 1.2% increase compared with November 2021 (8.1 Bcf/d)
Highest daily rate of natural gas imports for the month since 2011
Total exports: 554 Bcf for the month, or 18.5 Bcf/d
A 0.5% decrease compared with November 2021 (18.6 Bcf/d)
Second-highest natural gas exports for the month since we began tracking them in 1973