Tourmaline Oil Corp. is a Canadian independent exploration and production company focused on developing petroleum and natural gas resources in the Western Canadian Sedimentary Basin. Its core assets s... Tourmaline Oil Corp. is a Canadian independent exploration and production company focused on developing petroleum and natural gas resources in the Western Canadian Sedimentary Basin. Its core assets span the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic oil complex, where it maintains significant operated infrastructure and a multi‑year drilling inventory to support scalable development. The business emphasizes natural gas, complemented by crude oil, condensate, and natural gas liquids, positioning it as a major supplier to North American energy markets. Founded in 2008 and led from Calgary, the company has grown through disciplined acquisitions, farm-ins, and organic drilling, with a strategy centered on operating control, processing capacity, and market access. Tourmaline Oil Corp. plays a notable role in Canada’s energy sector as a large, low-cost producer with integrated gas processing that enhances reliability and price realization across cycles.
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