CALGARY — Tourmaline Oil Corp. continues to snap up natural gas assets, this time with a $1.3-billion deal that will see it acquire Montney-focused natural gas producer Crew Energy Inc.
Tourmaline — headed by CEO Mike Rose — has been undergoing a years-long aggressive exploration, development, production and acquisition program that has helped it cement its industry dominance.
The company is Canada’s largest natural gas producer by volume and the fifth largest natural gas-focused producer in North America.
It is already the largest player in Alberta’s Deep Basin, a prominent natural gas-producing area, and its acquisition of Crew Energy will make Tourmaline the largest natural gas producer in the
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