Tourmaline Oil Corp.

Tourmaline Oil Corp. is a Canadian senior crude oil and natural gas exploration and production company. The company focuses on long-term growth through active exploration, development, production, and acquisition programs within the Western Canadian Sedimentary Basin. Tourmaline Oil Corp. commenced operations in the fall of 2008. The company's business strategy aims to increase shareholder value by building an extensive asset base across its core exploration and production areas. Tourmaline exploits and develops these areas to enhance reserves, production, and cash flows with an attractive return on invested capital. This strategy involves drilling and developing its extensive undeveloped land position, utilizing advanced drilling and completion techniques, and improving returns through operational and cost efficiencies. Tourmaline has assembled a significant undeveloped land position with a large, multi-year drilling inventory and maintains operating control of important natural gas processing and transportation infrastructure. Its primary operational areas include the Alberta Deep Basin, the Northeast British Columbia (NEBC) Montney complex, and the Peace River Triassic Oil complex. The company's product mix is approximately 80 percent natural gas and 20 percent crude petroleum and natural gas liquids. As of 2021, Tourmaline was Canada's largest natural gas producer and the fifth largest in North America. It is also the first Canadian oil and gas exploration and development company to directly engage in the liquefied natural gas business. Sources: [1] https://www.tourmalineoil.com/about-us/company-overview [2] https://www.tourmalineoil.com/about-us [3] https://www.tourmalineoil.com/ [4] https://www.getirwin.com/cases/tourmaline-oil-corp [5] https://en.wikipedia.org/wiki/Tourmaline_Oil