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Tourmaline Achieves 2017 Exit Production Target Early and Announces Multiple Strong Well Results From All Three Operated Complexes
Tourmaline Achieves 2017 Exit Production Target Early and Announces Multiple Strong Well R...
About this update from Tourmaline Oil Corp.
[{"type":"text","content":"\n\n\n\nTourmaline Achieves 2017 Exit Production Target Early and Announces Multiple Strong Well Results From All Three Operated Complexes\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Dec. 11, 2017\n\n\n\nCALGARY, Dec. 11, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) (\"Tourmaline\" or the \"Company\") is pleased to provide an update on 2017 exit production and EP results.\n\nPRODUCTION UPDATE\n\n\nTourmaline achieved its 2017 exit production target of 270,000 boepd on December 1. Current production is 277,000 boepd; further EP activities in December are expected to grow production to levels in excess of 280,000 boepd by the end of the month. \nThe Company continues to forecast 2018 full-year average production of 270,000 boepd despite the stronger than anticipated exit volumes. \nTotal liquids production has now reached 47,000 bpd (oil, condensate, NGLs). Tourmaline has grown total liquids production by approximately 68% over Q4 2016 (a net 19,000 bpd increase during the year).\nTourmaline has approximately 42,500 boepd of behind-pipe volumes awaiting facility access and an additional 41 DUC wells to be completed in 1H 2018. \n\nEP UPDATE\n\nTourmaline has delivered a series of industry-leading well results across all three operated complexes. \n\n\nIn the Peace River High Complex, the Company has drilled and/or completed eleven follow-up horizontal wells to the Progress 1-4 Lower Montney discovery which was brought on-production in Q1 2017. The initial well on the first four well pad is currently flowing 905 bbls/day of oil and 5.9 mmcfpd of gas (1,888 boepd) at a flowing tubing pressure of 1,173 psi after 26 days of production (cumulative 22,450 bbls of oil). The second well on the pa...