Tourmaline Oil Corp. reported that estimated daily production volumes reached a record of 111,200 boepd (564 mmcfpd (94,000 boepd) natural gas and 17,200 bpd of oil, condensate and ngls) during the second half of December 2013 following the start-up of the Wild River and Banshee gas plant expansions. The company has an estimated 18,500 boepd of additional production, from wells already drilled and completed, that will be tied in to Tourmaline facilities over the next six weeks.

Tourmaline expects to reach the 2014 forecast average daily production level of 118,000 boepd in the second half of February 2014 (597 mmcfpd natural gas; 18,500 bpd oil, condensate and ngls), with additional volumes coming on stream in March. The drilling rig fleet of 16 rigs as well as 9-10 completion spreads will be operated until break-up in late March, providing approximately 60-65 new wells to bring on-stream by break-up. The ongoing EP program has delivered several new highlights during the fourth quarter.

The most recent six well Montney pad in Sunrise-Dawson produced at an initial combined rate of 70 mmcfpd of natural gas, two of the wells also produced at a combined rate of 2,100 bpd of condensate from a new extensive Montney horizon. Several step-outs to this condensate rich horizon are planned during the first half of 2014. The Company plans to add an additional 55 mmcfpd of processing capacity to its existing Sunrise-Dawson plant network during the third quarter of 2014, bringing total NE B.C. Montney production to approximately 250 mmcfpd of gas and 5,000-6,000 bpd of condensate and ngls at that time.

The Smoky 4-1 Wilrich horizontal tested at a maximum flow rate of 70.5 mmcfpd on a short duration test, and was brought on stream at a restricted rate of 35 mmcfpd through the Tourmaline Horse-Berland facilities in late December. This is the highest deliverability Wilrich horizontal that the company has drilled to date.