Tourmaline
- Company typePublic
- Founded2008
- HeadquartersCalgary, Canada
- Headcount251–500
- GTM typeB2B
- OfferingServices
Tourmaline firmographics
Firmographics- Name
- Tourmaline
- Legal name
- Tourmaline Oil Corp.
- Website
- https://tourmalineoil.com
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Tourmaline industry classification
Industry- Product category
- Natural Gas Exploration & Production
- NAICS
- Natural Gas Extraction (21113), Pipeline Transportation of Natural Gas (4862)
- SIC
- Crude Petroleum & Natural Gas (1311), Natural Gas Transmission (4922)
- akta.pro primary industry
- Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)
Keywords
Where Tourmaline is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices9 records
Markets served
Tourmaline business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Natural Gas Production and Sales: Tourmaline generates the majority of revenue through the exploration, development, and production of natural gas from its Alberta Deep Basin and NEBC Montney assets. The company sells natural gas to domestic utilities, LNG exporters, and industrial customers through long-term supply agreements and spot sales.
- Liquids Production: Revenue from crude oil, condensate, and NGL production as a byproduct of natural gas operations, particularly from liquids-rich zones in the Alberta Deep Basin and NEBC Montney
- Midstream Services: Revenue from owned midstream infrastructure including gas processing, compression, and pipeline services for third-party producers
- Infrastructure and Royalty Arrangements: Revenue through arrangements with Topaz Energy including gross overriding royalties and midstream interests from divested assets
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Quarterly Dividend Payment |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Tourmaline product offering
Product offeringCore offering
Tourmaline Oil Corp. explores, develops, and produces natural gas (77% of Q4 2025 production), crude oil, condensate, and NGLs from two core complexes in the Western Canadian Sedimentary Basin: the Alberta Deep Basin (3 million acres, 330,000 boepd) and the NEBC Montney (325,000 boepd). The company operates owned midstream infrastructure including 31 gas plants and pipeline networks, selling production to LNG exporters, utilities, data centers, and industrial buyers through long-term supply agreements and spot sales, with an additional CNG fueling network for the transportation sector and MiQ Grade A certified low-emission natural gas.
Product overview
Tourmaline Oil Corp. is a Canadian senior crude oil and natural gas exploration and production company operating in the Western Canadian Sedimentary Basin. The company operates two core areas: the Alberta Deep Basin (the largest Deep Basin land position with 3 million acres, producing 330,000 boepd) and the NEBC Montney complex (producing 325,000 boepd). The company's primary products are natural gas (77% of Q4 2025 production), crude oil, and NGLs. Tourmaline has expanded into adjacent offerings including a CNG fueling network joint venture with Clean Energy for the transportation sector, and MiQ-certified low-emission natural gas for environmentally conscious buyers. The company maintains owned midstream infrastructure including 31 gas plants and extensive pipeline networks to support its production operations.
Differentiator
Problem solved
Functional benefit
Brands
- Tourmaline-Clean Energy CNG Partnership: Joint venture with Clean Energy to build compressed natural gas (CNG) fueling stations across western Canada. The partnership expects to construct up to 20 CNG stations for heavy-duty trucking fleets.
Products and services
- Natural Gas Production
Quantifiable outcome
- Q4 2025 production of 659,204 boepd, up from 605,413 a year earlier
- +4 more outcomes
Companies that use Tourmaline
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles5 records
Tourmaline technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Tourmaline partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered strategic, major, minor and core.
- MiQ (Methane Emissions Intensity Organization)strategicTourmaline became the first company globally to certify its integrated natural gas production system under MiQ's methane emissions standard, achieving Grade A rating for approximately 1.6 bcf/day of production.
- CarbonQueststrategic$4.1 million carbon capture project at Tourmaline's Banshee facility near Edson, Alberta. First deployment of CarbonQuest's technology on natural gas compression engines. Partially funded by Alberta government with partners Cielo Carbon Solutions and Captivate Technology.
- Canadian Natural Resources Ltd (CNRL)majorTourmaline sold its Peace River High light oil and gas complex and play properties in northwestern Alberta to CNRL for approximately $765 million. Transaction cleared Competition Bureau approval in January 2026.
- Pembina Pipeline CorporationmajorInfrastructure partnership with Pembina for pipeline expansion projects servicing growing production in northeast British Columbia and Alberta. Pembina secured new long-term contracts with Tourmaline Oil.
- CaldwellminorTourmaline Oil as presenting partner for Canada's Top 40 Under 40 awards program, with Deloitte Canada as national sponsor.
- UnipercoreTourmaline struck a first long-term agreement with German utility Uniper as part of Germany's strategy to diversify LNG supply and reduce reliance on US imports.
- AltaGasmajorLong-term natural gas storage agreement with AltaGas to support marketing and logistics operations.
- Clean Energycore50-50 joint venture to build up to 20 CNG stations in Western Canada, establishing Canada's first commercial-grade public CNG fueling network. New stations opened in Calgary and Grande Prairie, with the Edmonton station opened in April 2023, creating a crucial transportation corridor for trucking companies converting from diesel to CNG. Customer base grew to nine market-leading companies that have collectively displaced two million litres of diesel.
- Cheniere EnergycoreLong-term gas supply agreement for LNG exports, with Tourmaline providing natural gas supply to Cheniere's LNG export facilities.
- Topaz Energy Corp.coreStrategic relationship involving asset sales, gross overriding royalties, and midstream interests. Tourmaline has sold assets to Topaz and participated in secondary offerings of Topaz shares. Topaz operates as a hybrid royalty and midstream company with Tourmaline as a key partner.
Scale indicators22 records
Recent moves2 records
Tourmaline competitors and assessment
Company assessmentDirect peers
- ARC Resources: ARC Resources is one of Canada's largest natural gas-weighted producers with significant Montney and Deep Basin operations in Alberta and NEBC. ARC is a direct competitor in the same plays (Montney, Deep Basin), with similar production scale (~370,000 boe/d) and a comparable focus on long-term natural gas supply to LNG export markets.
- Advantage Energy: Advantage Energy is a Canadian natural gas and liquids producer with significant Montney operations in Alberta, directly comparable to Tourmaline's NEBC Montney and Alberta operations. Both companies target low-cost production for LNG export and North American markets, with similar corporate strategies around debt reduction and dividend growth.
- Peyto Exploration & Development: Peyto is a Canadian natural gas-focused producer with operations concentrated in the Alberta Deep Basin, directly overlapping with Tourmaline's core asset. Peyto shares Tourmaline's focus on low-cost operations, owned midstream infrastructure (gas processing), and supply to LNG export markets via long-term contracts.
- Paramount Resources: Paramount Resources is a Canadian natural gas and liquids producer with significant operations in the Montney and Duvernay plays of Alberta and NEBC. Paramount directly competes with Tourmaline in the Montney fairway, with similar customer mix focused on LNG export markets and comparable capital allocation discipline.
- Birchcliff Energy: Birchcliff Energy is a Canadian natural gas-weighted producer with concentrated operations in the Alberta Montney/Deep Basin. Birchcliff is a direct competitor in the same plays as Tourmaline, with similar focus on low-cost production and access to LNG export markets via the Deep Basin pipeline infrastructure.
Broad incumbents
- Canadian Natural Resources (CNRL): Canadian Natural Resources is Canada's largest crude oil and natural gas producer with a diversified Western Canadian asset base including oil sands, conventional E&P, and natural gas. CNRL is directly comparable as both operate in the WCSB, with CNRL having just acquired Tourmaline's Peace River High complex for $765M, demonstrating operational and geographic overlap.
- Cenovus Energy: Cenovus Energy is one of Canada's largest integrated oil and natural gas producers with significant Western Canadian operations including oil sands and natural gas assets. As a major Canadian E&P with growing natural gas exposure for LNG export, Cenovus is comparable in scale and geographic focus though it is more diversified across oil sands.
- Whitecap Resources: Whitecap Resources is a Canadian oil and natural gas producer with diversified operations across the WCSB including Montney and Deep Basin assets. Whitecap is a broad peer with overlapping Montney operations, similar M&A-driven growth strategy, and a focus on shareholder returns through dividends and debt reduction.
Regional players
- EQT Corporation: EQT Corporation is the largest US natural gas producer with operations in the Appalachian Basin (Marcellus and Utica shales). EQT is comparable to Tourmaline in its pure-play natural gas focus, vertical integration into midstream, low-cost position, and strategy of supplying LNG export markets along the US Gulf Coast, though it operates in a different geographic basin.
Others
- Pembina Pipeline Corporation: Pembina Pipeline is a major Canadian midstream energy infrastructure provider operating natural gas, NGL, and crude oil pipelines. Pembina is comparable to Tourmaline's midstream operations through its natural gas gathering and processing infrastructure, and has secured new long-term contracts with Tourmaline for pipeline expansion, making it both a partner and a comparable midstream operator.
Market position
Strengths5 records
Weaknesses4 records
Key risks6 records
Key highlights7 records
Customer concentration
Tourmaline social profiles
Digital presenceTourmaline compliance and trust
Trust signalCompliance1 record
Tourmaline financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tourmaline leadership team
Management profileNumber of profiles
Profiles9 records
Tourmaline subsidiaries and ownership
Company hierarchySubsidiaries1 record
Tourmaline funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tourmaline M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tourmaline
What does Tourmaline do?
Tourmaline Oil Corp. explores, develops, and produces natural gas (77% of Q4 2025 production), crude oil, condensate, and NGLs from two core complexes in the Western Canadian Sedimentary Basin: the Alberta Deep Basin (3 million acres, 330,000 boepd) and the NEBC Montney (325,000 boepd). The company operates owned midstream infrastructure including 31 gas plants and pipeline networks, selling production to LNG exporters, utilities, data centers, and industrial buyers through long-term supply agreements and spot sales, with an additional CNG fueling network for the transportation sector and MiQ Grade A certified low-emission natural gas.
Is Tourmaline a public or private company?
Tourmaline is a public company. It is classified as public and is currently operating.
When was Tourmaline founded?
Tourmaline was founded in 2008. It employs 251 to 500 people.
Where is Tourmaline based?
Tourmaline is headquartered in Calgary, Canada, in the North America region.
How does Tourmaline make money?
Four revenue lines are on record. Natural Gas Production and Sales are the primary driver. The others are liquids Production, midstream Services and infrastructure and Royalty Arrangements.
Who are Tourmaline's main competitors?
Direct peers on record are ARC Resources, Advantage Energy, Peyto Exploration & Development, Paramount Resources and Birchcliff Energy. Broad incumbents are Canadian Natural Resources (CNRL), Cenovus Energy and Whitecap Resources. EQT Corporation is listed as a regional player. Pembina Pipeline Corporation is listed as an others.
Does Tourmaline have an API?
No public API is recorded for Tourmaline.
What industry is Tourmaline in?
Tourmaline's product category is Natural Gas Exploration & Production. Its primary akta.pro industry code is EUAAAAAA, Conventional Natural Gas Exploration & Production (Dry Gas). Its NAICS code is 21113 and its SIC code is 1311.