Tenaz Energy Sees 6% Production Boost in Q2 2026

Tenaz Energy Corp., the TSX-listed oil and gas company, announced its financial and operating results for the second quarter of 2026.

The company reported a production average of 17,125 barrels of oil equivalent (boe) per day in Q2 2026, up 6% from Q1 2026 due to organic development activity. This marks a significant increase from Q2 2025, where production was more than double that of this quarter.

Tenaz brought four wells on production during the quarter and participated in the drilling of two development wells. The company also completed seasonal maintenance on several platforms and turnarounds at the Den Helder plant.

The operating netback for Q2 2026 was $69.05 per boe, a 20% increase from Q1 2026 and a 47% increase from Q2 2025. This improvement is primarily due to Tenaz's increasing exposure to European natural gas, which comprised 85% of its production base in Q2 2026.