Touchstone Exploration Sees Boost from New Wells Amid LNG Shutdown
Canadian energy company Touchstone Exploration has announced that two new oil wells on its WD-8 block are producing as expected, delivering immediate cash flow. The FR-1835 and FR-1836 development wells brought online in mid-May have combined production averaging about 175 barrels per day of medium-gravity crude oil.
The company's president and CEO, Paul Baay, stated that the wells are performing in line with expectations and benefiting from strong global crude oil prices. The drilling program was fully funded through Touchstone's strategic exchange of the Fyzabad asset in 2025, which produced about 49 barrels of oil per day last year.
In other news, Touchstone expects improved natural gas pricing due to a scheduled maintenance shutdown at Atlantic LNG Train 4, which began on May 19 and will continue until July 19. The company is redirecting gas volumes from its Central block to Atlantic LNG Train 2/3 and the domestic market during this period.
Touchstone also announced expansion work at its Cascadura facility on the Ortoire block, including the installation of a new booster compressor. Commissioning is expected to begin in June.