Tourmaline Oil Corp.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Michael L. Rose
- Full Time Employees
- 1,236
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 250-6th Avenue SW Calgary AB Canada T2P 3H7
- IPO Date
- Nov 15, 2010
- Website
- tourmalineoil.com
- Similar Companies
- Business
- Tourmaline Oil Corp. is a Canadian senior oil and natural gas exploration, development, and production company focused on long-term growth through active exploration, development, production, and acquisition programs within the Western Canadian Sedimentary Basin. The company’s main products and services include the production and sale of natural gas, natural gas liquids (NGLs), and crude oil with core operations centered in three key resource plays: the Alberta Deep Basin, the Northeastern British Columbia Montney complex, and the Peace River High Charlie Lake area. Tourmaline owns extensive undeveloped land positions and operates natural gas processing facilities alongside transportation infrastructure in these regions. The company targets markets across Canada, the United States, and international customers. Founded in 2008, Tourmaline is headquartered in Calgary, Alberta. Recent major company changes include a significant increase in production capacity with a forecasted 2025 production range of 635,000 to 665,000 barrels of oil equivalent per day (boepd), alongside plans for major infrastructure expansion such as the sequencing of new processing facilities in the Northeast British Columbia Montney region expected between 2027 and 2029. The company has also announced a $2.6 billion to $2.85 billion exploration and production capital budget for 2025, focused on optimizing free cash flow and extending its low-cost production base. In addition, Tourmaline declared a 43% increase to its base dividend together with a special dividend reflecting its strong financial performance amid a challenging pricing environment. The company continues to develop key assets including Groundbirch, North Montney, and Peace River areas, expanding liquids and condensate production volumes alongside natural gas growth. Tourmaline Oil Corp. operates primarily in the oil and gas sector with a focus on upstream activities including resource exploration, drilling, development, and production. It serves institutional and energy market investors emphasizing sustainability through low-emission supply strategies. The company reported over 600 employees and maintains its operations hub in Calgary, Alberta, Canada, positioning itself as North America’s largest natural gas producer by volume with a commitment to cost-efficient and environmentally conscious resource development. Tourmaline leverages its scale, infrastructure control, and strategic landholdings for continued expansion in the Western Canadian energy landscape.
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