Business
TOURMALINE ACHIEVES RECORD PRODUCTION, ADDS 829 MILLION BOE OF 2P RESERVES AND REDUCES 2026 EP CAPEX
Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2025.
About this update from Tourmaline Oil Corp.
[{"type":"text","content":"CALGARY, AB, March 4, 2026 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2025.","length":218,"tagName":"p"},{"type":"image","alt":"Tourmaline Oil Corp. Logo (CNW Group/Tourmaline Oil Corp.)","displaySize":"","headline":null,"caption":"Tourmaline Oil Corp. Logo (CNW Group/Tourmaline Oil Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":133,"url":"https://media.zenfs.com/en/cnwgroup.com/66d9c4256a5e786e2bc840d8923c8c6f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/YyQQm584ja.3gzIPPBDchQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIzNDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/66d9c4256a5e786e2bc840d8923c8c6f","width":400,"height":133}},"href":"https://mma.prnewswire.com/media/2925324/Tourmaline_Oil_Corp__TOURMALINE_ACHIEVES_RECORD_PRODUCTION__ADDS.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p","attribs":{"class":"wcag-arialevel-3"},"className":""},{"type":"list","items":[{"val":[{"type":"text","content":"Record Q4 2025 average production of 659,204 boepd and January 2026 average production of over 685,000 boepd.","length":109,"tagName":"p"}]},{"val":[{"type":"text","content":"829 million boe proved plus probable ("2P") reserve addition in 2025, including a corporate record single year organic 2P reserve addition of 457 million boe, both after accounting for 2025 production.","length":211,"tagName":"p"}]},{"val":[{"type":"text","content":"Continued corporate operating costs reduction in Q4 2025, down over 9% from the first half of 2025 to $4.66/boe.","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"Peace River High ("PRH") asset sale completed in February 2026 for proceeds of $765 million, prior to customary closing adjustments.","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"2026 forecasted EP capital expenditures reduced by $350 million as the Company remains focused on optimizing free cash flow(1)(2) ("FCF").","length":148,"tagName":"p"}]},{"val":[{"type":"text","content":"Quarterly base dividend of $0.50/share to be paid on March 31, 2026 to shareholders of record at the close of business on March 16, 2026.","length":137...