Tourmaline Oil acquires Crew Energy in a $1.3bn deal, expanding its Montney natural gas production.

Tourmaline Oil Corp., Canada's largest natural gas producer, is acquiring Crew Energy Inc. in a $1.3bn deal, making Tourmaline the largest natural gas producer in the Montney, an important natural gas play in northeast British Columbia and northwest Alberta. The deal includes existing average production of 29,000-30,000 boe/d and reserves of 473.2 million boe, aligning with Tourmaline's growth strategy to reach 750,000 boe/d by 2025.

August 12, 2024
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