RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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Bonterra Energy's revenue drops in Q2FY23 despite higher production
Image source: NicoElNino @shutterstock
Highlights
Oil and gas exploration company, Bonterra Energy Corp. (TSX: BNE) is involved in development and production of crude oil, natural gas, and natural gas liquids. Currently, the company is operating in the Western Canadian Sedimentary Basin.
In the second quarter of 2023, the company's production averaged 13,911 BOE per day per day, marking 3% growth against Q1 2023. Also, there was a 4% decline in the production costs in Q2 2023 versus Q1 2023 because of lower well maintenance costs.
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