A hilltop view of a gas plant in a green field, with a few pine branches in the foreground.

Striving to be the lowest-cost operator

Tourmaline has major positions in two large resources plays in the Western Canadian Sedimentary Basin: the Alberta Deep Basin and the Northeast British Columbia Montney. The Company has carefully selected these resource plays based on rigorous subsurface technical and economic criteria. These complexes are derisked through the drilling of over 2,640 wells and the infrastructure skeleton is complete across all complexes.

Alberta Deep Basin

320,000 boepd

production as at March 2025

1,945 mmboe

reserves as at Dec 31, 2024

14,794 locations

drilling inventory as at Dec 31, 2024

1,345 total

wells drilled

A map of Western Canada.
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A gas plant in the middle of a large forest.

Alberta Deep Basin

Largest Deep Basin land position with 3 million acres

An aerial view of a gas plant, with a small pond in the background.

NEBC Montney

One of Canada’s largest Montney producers

Tourmaline as at December 31, 2020

Production per Thousand Shares (BOEs)

Reserves per Share (BOEs)

Costs per Barrel of Oil Equivalent ($/BOE)