Tourmaline Reduces Spending To Maintenance Capital

Tourmaline Oil Corp. reduced full-year 2020 EP capital budget from the originally-planned $925 million to a maintenance capital budget of $800 million with approximately $400 million available for the second half of 2020, facilitating a forecast 2020 exit rate of 315,000 – 320,000 boe/d.

Continue Reading.
Start a Free Trial

Canada’s most trusted and comprehensive source of oil and gas industry insight and intelligence.

Start a free trial Start your free trial

Enjoy a 14 day free trial and see the benefits:

  • 3X Daily News Briefs
  • Oilsands Data
  • Interactive Data Dashboards
  • Infographics
  • And more

Your company may have purchased an enterprise-wide subscription for the Daily Oil Bulletin.

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.