Multiple Canadian companies, including the country’s most prolific natural gas producer, plan on growing volumes and capital spending in the quarters ahead, in stark contrast to major US oil and gas operators prioritizing fiscal discipline and relatively static production. The second-quarter earnings report of Tourmaline Oil Corp., the largest natural gas producer in Canada, showed substantial growth plans between Q2 and the end of the current quarter. Tourmaline averaged 1.916 Bcf/d during Q2, representing a significant year-on-year gain as production averaged 1.425 Bcf/d during Q2 2020. The company expects volumes to average 2.11 Bcf/d during the third quarter, a nearly 200 MMcf/d rise quarter on quarter. This production growth may be behind much of NGTL’s strength this summer. NGTL production averaged 12 Bcf/d during […]