Calgary-based Topaz Energy Corp. is targeting slightly higher natural gas-weighted royalty production in 2024 after posting double-digit growth in 2023. 

The energy investment company does not operate, control or develop oil and gas assets. Rather, its royalty portfolio includes 60%-plus of undeveloped acreage, which attracts operator development with no capital. The revenue stream is primarily generated from assets operated by natural gas producers, including Canada’s top natural gas explorer, Tourmaline Oil Corp. 

Topaz owns gross overriding royalties, or GORRs, on 100% of Tourmaline’s acreage in the Western Canadian Sedimentary Basin (WCSB). 

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