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

Alberta Deep Basin

300,00-315,000 boepd

production as at March 2024

1,982 mmboe

reserves as at Dec 31 2024

14,108 locations

drilling inventory

1,225 total

wells drilled

A map of Western Canada.
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

An aerial view of a gas plant during the day.

Peace River Triassic Lake

One of the lowest cost, large scale oil resource plays in North America

Tourmaline as at December 31, 2020

Production per Thousand Shares (BOEs)

Reserves per Share (BOEs)

Costs per Barrel of Oil Equivalent ($/BOE)