Tourmaline Oil Corp - Company Profile
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Tourmaline Oil Corp (Tourmaline) is a crude oil and natural gas company. It offers the acquisition, exploration, development and production of natural gas properties. The company’s areas of operations include NEBC Montney, Alberta Deep Basin, and Peace River Triassic Oil. The NEBC Montney includes the drilling of horizontal multi-stage fracture stimulation wells, and Alberta Deep Basin is a natural gas sand play area, which has lower Cretaceous liquids-rich natural-gas-charged sand reservoirs. Its Peace River High Triassic Oil area is an exploration and production complex at Spirit River-Mulligan-Earring. The company produces light and medium crude, natural gas liquids and conventional and shale natural gas. Tourmaline is headquartered in Calgary, Alberta.
Tourmaline Oil Corp premium industry data and analytics
Products and Services
Products |
---|
Natural Gas |
Crude Oil |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In January, the company and Trafigura entered into a netback agreement for 62,500 mmbtu/d of Liquified Natural Gas for a seven-year term. |
2023 | Acquisitions/Mergers/Takeovers | In November, the company acquired Bonavista Energy Corporation for US$1.45 billion. |
2023 | Contracts/Agreements | In April, the company and Clean Energy Fuels Corp announced US$70 million joint development agreement to build and operate a network of compressed natural gas stations along key highway corridors across Western Canada. |
Competitor Comparison
Key Parameters | Tourmaline Oil Corp | Imperial Oil Ltd | Suncor Energy Inc | Canadian Natural Resources Ltd | Vermilion Energy Inc |
---|---|---|---|---|---|
Headquarters | Canada | Canada | Canada | Canada | Canada |
City | Calgary | Calgary | Calgary | Calgary | Calgary |
State/Province | Alberta | Alberta | Alberta | Alberta | Alberta |
No. of Employees | 389 | 5,300 | 14,906 | 10,035 | 740 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Michael L Rose | Chief Executive Officer; Chairman; President | Executive Board | 2008 | - |
Brian G Robinson | Director; Vice President - Finance; Chief Financial Officer | Executive Board | 2008 | - |
Allan J Bush | Chief Operating Officer | Senior Management | 2014 | - |
Scott Kirker | Chief Legal Officer | Senior Management | 2022 | - |
Drew E Tumbach | Vice President - Land and Contracts | Senior Management | 2008 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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