Canada’s largest natural gas producer, Tourmaline Oil Corp., is aiming to maximize its exposure to volatile North American markets, such as California, as well as global LNG pricing, management said last Thursday.

CEO Michael Rose hosted a conference call to discuss first quarter results for Calgary-based Tourmaline, which operates throughout the Western Canadian Sedimentary Basin.

Tourmaline recently expanded its natural gas storage capacity at the Wild Goose facility in Northern California to 5 Bcf from 3 Bcf.

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Because of abundant supply in the basin and limited pipeline capacity beyond the Canada-U.S. border, the Western Canadian...