RY 144.17 0.4529% TD 77.39 0.0517% SHOP 78.87 -1.3878% CNR 171.64 0.5625% ENB 50.09 -0.4769% CP 110.62 0.6277% BMO 128.85 -0.548% TRI 233.58 1.1563% CNQ 103.29 -0.174% BN 60.87 -0.2295% ATD 75.6 -1.447% CSU 3697.0 1.1582% BNS 65.76 -0.3485% CM 66.6 -0.5525% SU 54.21 1.1569% TRP 53.15 0.3398% NGT 58.54 -0.3405% WCN 226.5 0.4123% MFC 35.905 0.9986% BCE 46.75 -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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