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Tourmaline Oil Corp

Company Summary

Financial Data:


Tickers:

  • TOU - Toronto Stock Exchange

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Investor Presentations

Company Transactions

Date: 11/7/2022
Type: Acquisition

BUYERS:
  • Tourmaline Oil Corp
    • SELLERS:
  • Rising Star Resources Ltd
    • DETAILS:

    COST: 191.2 $MM

    VOLUMES: 3.75 MBOE/d

    NOTES:
    Tourmaline Oil completed the $191.2 million acquisition of Rising Star Resources in the third quarter of 2022, gaining around 3.5 - 4.0 Mboe/d in production through the purchase.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 7/30/2021
    Type: Acquisition

    BUYERS:
  • Tourmaline Oil Corp
    • SELLERS:
  • Black Swan Energy
    • DETAILS:

    COST: 910 $MM

    VOLUMES: 50 MBOE/d

    ACRES: 230000 Acres

    NOTES:
    Tourmaline Oil Corp. has entered into a deal to acquire privately owned Black Swan Energy for $910 million (CAD$1.1 billion.) The deal includes 26 million common shares and the assumption of up to $350 million in net debt. Closing is targeted for July 2021.
    REGIONS:
  • Montney Formation

    • Date: 7/19/2021
    Type: Acquisition

    BUYERS:
  • Topaz Energy Corp.
    • SELLERS:
  • Tourmaline Oil Corp
    • DETAILS:

    COST: 245 $MM

    NOTES:
    Tourmaline Oil has completed the sale of NEBC Montney gross overriding royalty interests (GORR) and infrastructure to Topaz, receiving $245 million in cash from the deal.
    REGIONS:
  • Montney Formation

    • Date: 7/19/2021
    Type: Acquisition

    BUYERS:
  • Topaz Energy Corp.
    • SELLERS:
  • Tourmaline Oil Corp
    • DETAILS:

    COST: 145 $MM

    NOTES:
    Tourmaline entered into a deal with Topaz to grant further GORR on the acquired Black Swan and Paramount Birch acreage for $145 million in cash.
    REGIONS:
  • Montney Formation

    • Date: 2/28/2021
    Type: Acquisition

    BUYERS:
  • Tourmaline Oil Corp
    • SELLERS:
  • Paramount Resources Ltd
    • DETAILS:

    COST: 88 $MM

    VOLUMES: 2.6 MBOE/d

    NOTES:
    Paramount Resources reported that they have entered into three asset sale deals worth a cumulative $80 million, of which two recently closed and the third will close in February 2021. Production from the non-core assets totaled 2.6 Mboe/d (95% gas).
    REGIONS:
  • Canada

    • Date: 11/15/2019
    Type: Acquisition

    BUYERS:
  • Topaz Energy Corp.
    • SELLERS:
  • Tourmaline Oil Corp
    • DETAILS:

    COST: 160 $MM

    NOTES:
    Tourmaline Oil reported the formation of Topaz Energy Corp., a new private royalty and infrastructure energy company. Tourmaline will sell to Topaz a royalty interest on Tourmaline land, a non-operated interest in two of Tourmaline's existing 19 natural gas processing plants, and a contracted interest in a portion of Tourmaline's current third-party revenue.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 12/31/2016
    Type: Acquisition

    BUYERS:
  • Tourmaline Oil Corp
    • SELLERS:
  • Shell Canada Limited
    • DETAILS:

    COST: 1037 $MM

    VOLUMES: 24.85 MBOE/d

    ACRES: 206000 Acres

    NOTES:
    Tourmaline will pay $758 million in cash and $279 million in common shares for the acreage. The acreage includes 61,000 acres in Northeast British Columbia and 145,000 acres in the Deep Basin of West Central Alberta. Estimated production from the properties is 24.84 Mboe/d.
    REGIONS:
  • Western Canadian Sedimentary Basin
  • West Central Alberta Deep Basin