Tourmaline Oil, which in November said it was planning a 20-rig, $1.6 billion capital program for 2015, has retreated from that forecast on falling prices and now expects to spend $1.4 billion. The company will now run 16 rigs, with the scaled-back program to result in 30 fewer new wells. Still, averaged volumes for 2015 are expected to be up 40% YOY to 987 MMcfed.On the cash front Tourmaline is now expecting full-year cash......
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