CALGARY, A.B. — Tourmaline Oil Corporation has released an update on its EP activities at the end of the second quarter of 2017.
Tourmaline is currently operating 10 drilling rigs, and plans to ramp up to having all 18 rig in its fleet operating in the first half of July. The company says that fracking operations are underway on four of the eight pads that drilled during spring break-up. Approximately 175 new wells will be tied-in during the second half of this year.
Tourmaline says that it underwent production curtailments on all three transportation systems it uses during the month of June after seeing record levels in April and May. The planned outages on TCPL and Enbridge’s systems were both extended longer than originally estimated and the unplanned shutdown on the Alliance system further reduced monthly volumes. Tourmaline’s planned shutdown and turnaround of the entire Peace River High oil complex, which was timed to coincide with the other planned outages also took four days longer than estimated.
The company says that it is still expecting average second quarter production volumes in the range of 235,000-240,000 barrels of oil equivalent/day. Tourmaline says that it anticipates reaching the 250,000 barrels of oil equivalent/day production milestone during the second half of August.