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Banshee Gas Plant

Banshee Gas Plant — natural gas & ngl project

topazenergy

Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.

Project information

As at 31 December 2025

Type: Processing Facility

Aggregation level: Asset

Status: Operating

Report standard: -

Ownership %: 25

Operator: No

Operator name: Tourmaline Oil Corp.

Interest type: -

Interest rate: -

Extraction: Processing Facility

Country: Canada

Region: Alberta

Geological province: Western Canadian Sedimentary Basin

Facility kind: Gas Processing

Licensed capacity: 155

Capacity unit: mmcf

Capacity period: Per Day

Capacity kind: Nameplate

Interest conditions: 25% non-operated ownership interest acquired from Tourmaline on September 1, 2020 for cash consideration of $52.5 million before customary adjustments; Banshee Volume Commitment Agreement term September 1, 2020 to August 31, 2035 with a daily committed volume of 25 MMcf/d at a fixed fee of $0.60/Mcf; interruptible volume utilising Topaz's remaining share of capacity is subject to a processing fee of $0.50/Mcf; capital and operating costs borne 25% by Topaz under the Banshee CO&O Agreement; Tourmaline designated initial operator; all revenue from natural gas processing services provided to third parties other than Tourmaline is allocated to Topaz under the TPF Revenue Interest Agreement

Description

As at 31 December 2025

Deep Basin gas processing facility at 15-12-50-21W5, commissioned by Tourmaline in 2011 and expanded to 155 MMcf/d of raw gas and 2,875 Bbls/d of liquids handling capacity in 2014. The plant consists of two processing trains and the site can accommodate a third if required. It processes Tourmaline's Alberta Deep Basin production from Basing, Minehead, Ansell and Lambert through Tourmaline-owned pipelines. All third-party processing revenue at Banshee, excluding Tourmaline's own volumes, is allocated to Topaz under the TPF Revenue Interest Agreement rather than shared pro rata.

Processing facilities

As at 31 December 2025

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