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Gundy Gas Plant

Gundy 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 %: 10

Operator: No

Operator name: Tourmaline Oil Corp.

Interest type: -

Interest rate: -

Extraction: Processing Facility

Country: Canada

Region: British Columbia

Geological province: Montney

Facility kind: Gas Processing

Licensed capacity: 400

Capacity unit: mmcf

Capacity period: Per Day

Capacity kind: Nameplate

Interest conditions: 10% ultimate non-operated ownership interest acquired from Tourmaline under the July 1, 2021 Gundy Gas Plant Agreements for cash consideration of $90.0 million before customary adjustments; the interest was a 20% ownership interest converting to 10% following commissioning of the plant expansion; Gundy Volume Commitment Agreement term July 1, 2021 to June 30, 2031 with a daily committed volume of 40 MMcf/d at a fixed fee of $0.70/Mcf before any inflationary adjustment; capital costs borne 20% by Topaz for Phase I and 10% once Phase II is in service; Tourmaline is responsible for operating costs until June 30, 2031, after which costs are shared in proportion to ownership (10% Topaz); Tourmaline designated initial operator

Description

As at 31 December 2025

NEBC Montney gas processing facility at C-060-A/094-B-16, commissioned by Tourmaline in 2018 and expanded to 400 MMcf/d of raw gas and 30,000 Bbls/d of liquids handling capacity in the first quarter of 2022. The plant consists of two processing trains and the site can accommodate a third if required. It processes Tourmaline's NEBC Montney production from the area surrounding Gundy through a network of Tourmaline-owned pipelines. Note that the AIF glossary describes the plant as approximately 200 MMcf/d capacity while the asset description states the post-expansion 400 MMcf/d figure used here.

Processing facilities

As at 31 December 2025

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