Tourmaline expects 1.1 bcf per day production improvement from NEBC Montney project

FORT ST. JOHN, B.C. — Tourmaline Oil says it expects its efforts in northeastern B.C.’s Montney basin to produce 1.1 billion cubic feet (bcf) per day of new gas production over the next six years.

The energy company — with plants in both B.C. and Alberta — released its interim second-quarter financial results for 2025 on July 30th, including an update on its ongoing multi-year “NEBC Montney project,” improving its existing liquid natural gas (LNG) facilities in the region.

According to a press release, Tourmaline has spent the past five years “systematically consolidating and delineating the [Montney basin] gas/condensate complex,” and it now expects the financial benefits of those efforts to start manifesting.

The next few years of the project will reportedly see “Tourmaline’s most profitable inventory” developed, improving its operating metrics as production in northeast B.C. becomes a larger part of the company’s overall base.

In addition to the 1.1 bcf per day it expects to see over the next six years, the company also hopes to see the area produce 50,000 barrels per day (bpd) of condensate and natural gas liquids.

Natural gas condensate has a variety of industrial uses, including diluting heavier oils that are difficult to transport via pipeline.

Based on the production figures for 2025 so far in the company’s quarterly report, that would constitute an overall production increase of roughly 27 per cent for all three products. 

Currently, Tourmaline is continuing the process it started in 2024 of building new infrastructure to support the project. According to the release, it’s on track to complete its infrastructure build-out by the end of 2025.

“Tourmaline expects production growth of 30 per cent to 850,000 barrels of oil equivalent per day by 2031, cash flow growth of over 40 per cent and free cash flow improvement of over 2.5 times at flat pricing once the overall project is completed and the exploration and production program trends towards maintenance capital levels,” the release claims.

Outside of the project update, the company’s report indicated its average daily production for the quarter was 620,757 barrels of oil equivalent per day, up 10 per cent from the second quarter of 2024.

To view the full report, look below.