Canadian independent Tourmaline Oil Corp. broke production records in 4Q2020 after a pair of acquisitions boosted its output.

Tourmaline production

The independent which has assets in British Columbia and Alberta, said recently it exited the quarter producing more than 400,000 boe/d after acquiring smaller Canadian players Jupiter Resources Inc. and Modern Resources Inc. in December. The deals added about 76,000 boe/d of production from the northern portion of Alberta’s Deep Basin.

In its 4Q2020 earnings report, Tourmaline said production is currently averaging 405,000-410,000 boe/d, “at the higher end” of its 2021 full-year guidance range of 390,000-410,000 boe/d. 

In addition, Tourmaline said all three of its operated exploration and production complexes have already achieved production...