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Tourmaline Sells Alberta Gas Assets for $765 Million to Reduce Debt
Tourmaline will use $500 million from the $765 million sale to reduce debt and invest the remainder in northeast British Columbia infrastructure, amid record quarterly production.
- On March 4, 2026, Tourmaline Oil Corp. sold the Peace River High natural gas assets in northwestern Alberta for $765 million to a `Canadian senior producer`, the Calgary-based company said.
- Announced alongside its latest results, Tourmaline reported a $655 million net loss and $1.69 per share for Q4 2025, with quarterly revenues rising to $1.71 billion from $1.62 billion.
- Record production reached 659,204 barrels of oil equivalent per day, up from 605,413 a year earlier, TSX:TOU reported to Lauren Krugel, The Canadian Press.
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Leaning Left8Leaning Right0Center0Last UpdatedBias Distribution100% Left
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L 100%
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