Bonterra Energy Posts Record Quarterly Production, Reduces Debt
Bonterra Energy Corp., a Calgary-based oil and gas producer, has announced its financial and operating results for the three and six months ended June 30, 2026. The company achieved record quarterly production of 16,828 barrels of oil equivalent (BOE) per day, exceeding expectations.
The strong production was driven by the addition of three new wells in the Bonanza Charlie Lake area, including two step-out wells that validated recently acquired acreage and expanded the company's future drilling inventory. The successful wells supported an increase to its second-half production and capital program guidance. Additionally, a strategic tuck-in acquisition increased Bonterra's working interest in its core Bonanza Charlie Lake position to 100%, accelerating future development of the asset.
Patrick Oliver, President and Chief Executive Officer, stated: 'This was a strong quarter across our portfolio, demonstrating our ability to effectively execute on our strategy.' The company also reduced Adjusted Net Debt by 2% during the quarter to $192.5 million despite an active capital program. Financial highlights include record production averaged 16,828 BOE per day for the quarter and funds flow totaled $32.9 million ($0.88 per fully diluted share).