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Released April 03, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's production of natural gas has become a flash point in the increasing hostile back-and-forth between the U.S. and Canada over U.S. President Donald Trump's tariffs. The U.S. is a net importer of Canadian natural gas, taking in about 5.9 billion cubic feet per day, and its northern neighbor is ramping up for some expansions in the coming months. Industrial Info is tracking about US$4.7 billion worth of natural gas-production projects that are set to kick off across Canada in the second quarter, more than 80% of which is based in Alberta.
Click on the image at right for a graph detailing the top 10 parent companies for natural gas-production projects in Canada slated to begin from April through June.
Trump has vowed to slap a 10% tariff on Canadian energy imports, which would include the natural gas that flows south into some U.S. states. Canadian leaders have fired back with a variety of responses, with some echoing the "energy independence" rhetoric commonly found in U.S. politics. For more information on how Canada is responding, see April 02, 2025, article - Canada's Conservative Leader Proposes 'Canada First' Energy Corridors, and March 28, 2025, article - Alberta Premier Discusses Tariffs at Florida Event.
Tourmaline Oil Corporation (Calgary, Alberta) leads all other Canadian gas producers in the total investment value of its second-quarter kickoffs, the two highest-valued of which are in Alberta's Duvernay Shale: a US$470 million drilling program near Edson, which is expected to involve as many as 100 new wells, and a US$470 million drilling program near Grande Cache, which is expected to involve up to 50. Both drilling programs are expected to run into December.
In British Columbia's Montney Shale, Tourmaline is preparing to begin its US$200 million program near Fort Saint John and its US$150 million program near Taylor, each of which is expected to involve up to 35 new wells and run into December. In a recent quarterly earnings-related press release, the company said it expects condensate and natural gas liquids (NGL) production volumes to "increase significantly" over the next five years, driven by its growth in these areas.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can read detailed reports on the Edson, Grande Cache, Fort Saint John and Taylor projects.
Tourmaline also said it expects "steadily improving" natural gas prices in 2025. "After 16 years of operations, Tourmaline now has 24.84 trillion cubic feet of economic, 2P [proved and probable] natural gas reserves, and 1.36 billion barrels of 2P oil, condensate and NGL reserves, all of which are pipeline-connected to markets across North America," the company said in its earnings-related press release.
Canadian Natural Resources Limited (NYSE:CNQ) (CNRL) (Calgary) is developing two projects in the same region of Alberta as Tourmaline: a US$180 million program near Grande Prairie and a US$160 million program near Wembley, which are expected to see up to 19 and 25 new wells, respectively, throughout the remainder of the year. Subscribers can read detailed reports on the Grande Prairie and Wembley projects.
Earlier this year, CNRL said its budget plans for 2025 would support a 12% increase in net production relative to year-ago levels. This follows the company's $6.5 billion purchase last year of Chevron Corporation's (NYSE:CVX) (San Ramon, California) interest in the Duvernay Shale, among other assets. For more information, see January 10, 2025, article - Canada Natural Resources Ups Production Guidance.
Farther south in Alberta, Peyto Exploration and Development Corporation (Calgary) is planning for about 25 new gas wells each from three projects: the US$170 million Kakwa program near Grande Cache, the US$150 million Cutbank program near Grande Cache and the US$150 million Brazeau program near Rocky Mountain House. Subscribers can read detailed reports on the Kakwa, Cutbank and Brazeau projects.
Earlier this month, Peyto pointed in an earnings-related statement to trends in the U.S. and Canadian markets as strong drivers: "Recent US LNG export facility start-ups and the impending commencement of LNG Canada later in 2025, combined with continued natural gas demand for AI-driven data centers in North America, has set up a bullish price recovery for natural gas producers, and Peyto believes it is well positioned."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of natural gas-production projects that are set to kick off across Canada in the second quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 parent companies for natural gas-production projects in Canada slated to begin from April through June.Trump has vowed to slap a 10% tariff on Canadian energy imports, which would include the natural gas that flows south into some U.S. states. Canadian leaders have fired back with a variety of responses, with some echoing the "energy independence" rhetoric commonly found in U.S. politics. For more information on how Canada is responding, see April 02, 2025, article - Canada's Conservative Leader Proposes 'Canada First' Energy Corridors, and March 28, 2025, article - Alberta Premier Discusses Tariffs at Florida Event.
Tourmaline Oil Corporation (Calgary, Alberta) leads all other Canadian gas producers in the total investment value of its second-quarter kickoffs, the two highest-valued of which are in Alberta's Duvernay Shale: a US$470 million drilling program near Edson, which is expected to involve as many as 100 new wells, and a US$470 million drilling program near Grande Cache, which is expected to involve up to 50. Both drilling programs are expected to run into December.
In British Columbia's Montney Shale, Tourmaline is preparing to begin its US$200 million program near Fort Saint John and its US$150 million program near Taylor, each of which is expected to involve up to 35 new wells and run into December. In a recent quarterly earnings-related press release, the company said it expects condensate and natural gas liquids (NGL) production volumes to "increase significantly" over the next five years, driven by its growth in these areas.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can read detailed reports on the Edson, Grande Cache, Fort Saint John and Taylor projects.
Tourmaline also said it expects "steadily improving" natural gas prices in 2025. "After 16 years of operations, Tourmaline now has 24.84 trillion cubic feet of economic, 2P [proved and probable] natural gas reserves, and 1.36 billion barrels of 2P oil, condensate and NGL reserves, all of which are pipeline-connected to markets across North America," the company said in its earnings-related press release.
Canadian Natural Resources Limited (NYSE:CNQ) (CNRL) (Calgary) is developing two projects in the same region of Alberta as Tourmaline: a US$180 million program near Grande Prairie and a US$160 million program near Wembley, which are expected to see up to 19 and 25 new wells, respectively, throughout the remainder of the year. Subscribers can read detailed reports on the Grande Prairie and Wembley projects.
Earlier this year, CNRL said its budget plans for 2025 would support a 12% increase in net production relative to year-ago levels. This follows the company's $6.5 billion purchase last year of Chevron Corporation's (NYSE:CVX) (San Ramon, California) interest in the Duvernay Shale, among other assets. For more information, see January 10, 2025, article - Canada Natural Resources Ups Production Guidance.
Farther south in Alberta, Peyto Exploration and Development Corporation (Calgary) is planning for about 25 new gas wells each from three projects: the US$170 million Kakwa program near Grande Cache, the US$150 million Cutbank program near Grande Cache and the US$150 million Brazeau program near Rocky Mountain House. Subscribers can read detailed reports on the Kakwa, Cutbank and Brazeau projects.
Earlier this month, Peyto pointed in an earnings-related statement to trends in the U.S. and Canadian markets as strong drivers: "Recent US LNG export facility start-ups and the impending commencement of LNG Canada later in 2025, combined with continued natural gas demand for AI-driven data centers in North America, has set up a bullish price recovery for natural gas producers, and Peyto believes it is well positioned."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of natural gas-production projects that are set to kick off across Canada in the second quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
