Calgary-based Tourmaline Oil Corp. is continuing to build its portfolio of natural gas and oil assets as it prospects for markets across the North American continent, from the Western Canadian Sedimentary Basin (WCSB) to the South Texas coast.


CEO Michael Rose led a conference call to discuss the exploration and production (E&P) company’s second quarter results. He also shared how the independent’s growth is tied in part to not only liquefied natural gas (LNG), but also California markets, where it can fetch premium prices. Tourmaline reports in Canadian dollars (C$1.00 = US 78 cents). 

Quarterly output averaged 503,000 boe/d in 2Q2022, a 23% increase year/year, with more output expected in the third quarter following the ice breakup, Rose noted. 

“The modest E&P...