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.

TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta) > Many uses of NG, now Crypto mining then the rest

<< Previous

Bullboard Posts

Next >>

Post by CriticalMind55on Mar 15, 2024 9:08pm

215 Views

Post# 35936110

Many uses of NG, now Crypto mining then the rest

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.
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.
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.