Alberta to limit temporary foreign worker program to save jobs for Albertans.   On Thursday Tourmaline said it has approved a project to effectively double capacity at the Gundy plant, from 200 mmcf/d to 400 mmcf/d, noted GMP FirstEnergy analyst Robert Fitzmartyn. © Glacier RIG Ltd., all rights reserved. Industrial Construction Tourmaline owns and operates five significant natural gas processing facilities with aggregate capacity of 325 MMcf/d with related gas gathering systems and NGL handling infrastructure. Tourmaline said it is directing its growth capital to the Gundy area of the Montney play because it is the highest-return project in its inventory. Tourmaline Oil has given the green light to expand a brand new natural gas processing plant in Northeast B.C. Tourmaline is a Canadian senior oil and natural gas company focused on long-term growth through an aggressive exploration, development, production On Thursday, Tourmaline said it has approved a project to effectively double capacity at the Gundy plant, from 200 mmcf/d to 400 mmcf/d, noted GMP FirstEnergy analyst Robert Fitzmartyn. The expansion is expected to cost Tourmaline $150 million, which … He added that Gundy has superior economics compared to Tourmaline’s other operating areas, with operating costs less than $3.00/boe. All Rights Reserved, Environment, Sustainability and Safety Committee, Disclosure, Confidentiality and Trading Policy. Growth capital directed primarily to Gundy BC Montney development. Tourmaline said it is directing its growth capital to the Gundy area of the Montney play because it is the highest-return project in its inventory. The expansion is expected to cost Tourmaline $150 million, which analysts said in line with the capital cost of the first phase. The incremental gas volumes will be delivered into what the Company believes will be a period of improved natural gas prices. 1-800-937-5449 or 718-921-8124, © Copyright 2018 Tourmaline. AST Toll Free (Transfer Agent) The lands offset the Company’s highest deliverability, most liquid-rich lands at South Gundy. Tourmaline said it believes the incremental gas volumes will be delivered into a period of improved natural gas prices. The Gundy deep cut facility, designed to process liquids-rich natural gas from the Montney play, is expected to start operating in June 2019. Technological developments, including the drilling of horizontal multi-stage fracture stimulation wells, have allowed access to the thickest, highest pressured and highest deliverability fine grained sandstone reservoirs of the Montney in the NEBC play area. The Gundy plant expansion is expected to come online in late 2021. The Company is also planning a new 200 MMcf/d facility at Gundy in 2019 to efficiently process the liquids-rich natural gas produced as a result of ongoing development in the Gundy CK area including installation of an ethane rejection deep-cut gas processing facility. Tourmaline will proceed with the Gundy Phase 2 deep cut expansion to 400 mmcfpd with a Q4 2021 projected completion. Find out what's happening in your community and submit your own local events. Tourmaline said it believes the incremental gas volumes will be delivered into a period of improved natural gas prices. Tourmaline acquired a 75% working interest in a 13 section block of acreage (including 3D seismic) adjacent to the Company’s Gundy complex for $49 million in Q4 2019. Tourmaline maintains operations in three core areas: Construction on Gundy phase 1 is expected to be complete in June.   Alberta to limit temporary foreign worker program to save ... Chetwynd, Dawson Creek, Fort Nelson, Fort St John, Tumbler Ridge, Have the Alaska Highway News delivered to your inbox every day! Tourmaline said it believes the incremental gas volumes will be delivered into a period of improved natural gas prices. Tourmaline is Canada’s largest natural gas producer focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Privacy Policy “Tourmaline remains bullish on the outlook for Canadian natural gas pricing, believing the fourth quarter 2021 commissioning will better align with an improved gas quote, thus justifying the increase in associated natural gas production at Gundy,” Fitzmartyn wrote in a research note. Tourmaline’s Montney EP program has been focused in the Groundbirch/Sunrise/Dawson area of the Peace River Arch, as well as the Gundy CK area, which the Company acquired through a significant asset acquisition in 2016. Gundy Tourmaline Overview The Scale, Resource, and Infrastructure Required to Profitably Grow in the WCSB and Provide Returns to Shareholders Tourmaline Overview • Largest natural gas producer in Canada(2) • 5th largest Canadian gas processing midstream operator • 2.6 Billion Boe 2P Reserves, 12.3 Tcf Gas and 552.8 MMbbls Tourmaline’s Montney EP program has been focused in the Groundbirch/Sunrise/Dawson area of the Peace River Arch, as well as the Gundy CK area, which the Company acquired through a significant asset acquisition in 2016 Tourmaline plans to commence drilling on the Gundy Creek property in the first quarter of 2017. Tourmaline Oil has given the green light to expand a brand new natural gas processing plant in northeast B.C. Terms & Conditions, The role of Canada’s resources in delivering our modern world, Biden calls for 'transition' from oil, GOP sees opening, Hydrogen mega-project in Australia on approval fast-track, New natural gas line for TransAlta switch off coal to be completed ahead of schedule, IEA chief paints rosy picture for the future of LNG, Rising Star duo share passion for creating change in industry, Alberta to stop limits on oil production in December after nearly two years, $100 million fund to be used to cut oilpatch emissions, fuel new product development, Transition finance key for Canada’s greenhouse targets, LB Says. Tourmaline will proceed with the Gundy Phase 2 deep cut expansion to 400 mmcfpd with a Q4 2021 projected completion. Tourmaline also has the ability to double the capacity of the forthcoming Gundy plant. The Gundy deep cut facility, designed to process liquids-rich natural gas from the Montney play, is expected to start operating in June 2019. is dead last in life satisfaction survey, Archaeologists uncover 20,000-year-old UFO wreckage near Site C, Hudson's Hope RCMP officer, locals rescue frozen calf, Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival, ‘Electrify everything’ approach won’t work in Canada to displace fossil-fuel gas, For Canadian resources, there would be pros and cons to Biden-Harris White House, say observers, Wilkinson to resign as leader of the BC Liberals, ​Canada lost 3,000 oil and gas jobs in April, North American stock markets plunge amid soaring COVID-19 infections, Chinese fintech could shatter records with $35B share offer, Fort St. John approves fifth cannabis retailer as licence delays mount, Surerus Murphy starts hiring for Kamloops section of Trans Mountain pipeline, Sports groups frustrated by North Peace Arena decision, North Peace Arena delay due to training, city says, Huskies and Canucks to face off twice this weekend, Fort St. John curling season cancelled after ice plant leak, Alberta Health Services greenlights Grande Prairie to host PBR Finals, Canadian freshman receiver Ajou Ajou making his mark with top-ranked Clemson Tigers, Canadian Denis Shapovalov loses to unheralded Austrian in first round of Vienna Open, Rescheduled Canada Summer Games to be held Aug. 6 to 21, 2022, in Niagara Region, CN, CP notch record third-quarter grain hauls as global demand continues to surge. Oilsands & Heavy Oil. Including the effect of the Acquisition and associated development, the Company is expecting average 2017 production of approximately 250,000-260,000 boepd, and average 2018 production levels of 310,000-320,000 boepd. From the landscapes to the mountains to the…, Democrat Joe Biden's remark that he would “transition'' away from oil in the U.S. in favour of renewable energy drew…, An ambitious hydrogen project in western Australia that seeks to become the world’s largest renewable energy export facility got a…. Oil & Gas Free capital spending, drilling & production forecasts - 2019 Guidance with the Daily Oil Bulletin. Tourmaline acquired a 75% working interest in a 13 section block of acreage (including 3D seismic) adjacent to the Company's Gundy complex for $49 million in Q4 2019. “Tourmaline remains bullish on the outlook for Canadian natural gas pricing, believing the fourth quarter 2021 commissioning will better align with an improved gas quote, thus justifying the increase in associated natural gas production at Gundy,” Fitzmartyn wrote in a research note, adding that Gundy has superior economics compared to Tourmaline’s other operating areas, with operating costs less than $3.00/boe. On Thursday, Tourmaline said it has approved a project to effectively double capacity at the Gundy plant, from 200 mmcf/d to 400 mmcf/d, noted GMP FirstEnergy analyst Robert Fitzmartyn. Tourmaline said it is directing its growth capital to the Gundy area of the Montney play because it is the highest-return project in its inventory.

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