Production Rates | Capital Markets | Capital Expenditure | Capex - 2026
Tamarack Rebalances 2026 Spending Toward Clearwater
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Tamarack Valley Energy’s 2026 development plan outlines a moderated capital program of $390–$410 million targeting annual average production of 69,000–71,000 boe/d and an 84%–86% oil and NGL weighting. The program emphasizes continued Clearwater development and waterflood expansion, with ~70% of 2026 capital allocated to Clearwater. The company plans to drill >75 Clearwater primary development wells (an ~18% decline from 2025) and implement >65 new injection wells across Nipisi, West Marten, Marten Hills and South Clearwater.
Compared with Tamarack’s 2025 budget, corporate capital declines from $430–$450 million while production guidance increases from 65,000–67,000 boe/d. Tamarack also plans major infrastructure work in 2026, including a pipeline looping project in the Sundance area, alongside plant turnarounds and optimization projects. In 2025, the company highlighted the commissioning of the CSV Albright sour gas plant in Q1/25 to support Charlie Lake volumes.
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