Tourmaline emphasized several strategic infrastructure and marketing advances during its Q3 earnings call November 6, 2025. The company has entered a long-term natural gas storage agreement with AltaGas at the Dimsdale facility, securing 6 Bcf of capacity starting in April for a 10-year term, with an option to expand to 10 Bcf if AltaGas proceeds with Phase 2. Management framed this as a key step to strengthen operational flexibility and pricing optionality in volatile gas markets.
On the upstream side, Tourmaline reported continued performance improvements in its Northeast BC Montney development, noting that 2025 IP90 (initial production over 90 days) well results are up 26% over the five-year average. This uplift reflects the company’s shift toward longer horizontal wells and greater use of plug-and-perf completions, which are improving productivity and efficiency even as per-foot D&C costs trend lower.
Complementing these developments, Tourmaline is expanding its LNG marketing exposure, having signed two short-term and one long-term LNG gas supply contracts. These agreements will lift the company’s internationally priced gas volumes to roughly 213,000 MMBtu per day in 2026, 250,000 by late 2027, and 330,000 by late 2028, further diversifying market access and enhancing realized pricing potential.
Tourmaline is Canada’s largest natural gas producer focused on long-term growth through an active exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin.
