HIGHLIGHTS
- Q3 2025 average production was 634,746 boepd, at the high end of the anticipated guidance range of 625,000 – 635,000 boepd despite storage injections and production shut-ins during the quarter in response to extremely low AECO and Station 2 natural gas prices.
- Q3 2025 liquids production of 147,165 bpd was up 4% over Q2 2025. Tourmaline expects total liquids production growth of 35% to 200,000 bpd by 2031.
- Tourmaline is pleased to announce that it has entered into a long-term natural gas storage agreement with AltaGas at its Dimsdale Storage Facility in Alberta for 6 bcf of storage capacity starting April 2026 for a 10-year term. The Company views the addition of another large storage position as a strategic opportunity to enhance financial performance and strengthen operational flexibility in volatile natural gas price environments.
- The Company has entered into two short-term and one long-term LNG gas supply contracts which complement the existing portfolio with additional exposure to the Dutch Title Transfer Facility (” TTF “) market starting in 2026.
- Tourmaline is exploring the potential sale of its Peace River High complex. The completion of this sale would lower corporate operating costs and provide proceeds that could be reinvested into higher return NEBC growth assets.
- The Company has elected to declare and pay a special dividend of $0.25/share on November 25, 2025 to shareholders of record on November 14, 2025.
Leave a Reply
You must be logged in to post a comment.