Natural gas expansion planned for Peace Region


Tourmaline has announced plans for a huge expansion this year in their latest economic forecast.

The company currently has 14 rigs operating, and hopes to drill around 67 new wells in the first quarter spread across three regions: in the Charlie lake area, in the Alberta Deep Basin and in the Montney Gas Field.

Tourmaline currently produces 48,000 barrels of natural gas per day, but by the end of the year they say their production will increase to 75,000 barrels per day.