Bonterra Energy Corp.
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in mil. unless spec.Company Description
- CEO
- Patrick G. Oliver
- Full Time Employees
- 43
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 215-9th Avenue S.W Calgary AB Canada T2P 1K3
- IPO Date
- Jun 15, 1983
- Website
- bonterraenergy.com
- Similar Companies
- Business
- Bonterra Energy Corp. engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the Western Canadian Sedimentary Basin; its principal assets include a large, concentrated position in the Pembina Cardium conventional oil field at Pembina and Willesden Green in central Alberta, offering stable light oil production with an estimated original oil in place of 10.6 billion barrels and less than 15% recovered to date, alongside emerging light oil plays in the Charlie Lake formation in northern Alberta with 116 net sections of land and high-impact Montney resource potential at Valhalla north of Grande Prairie with 45 net sections; the company operates approximately 93% of its Cardium production and related facilities, 100% of its Charlie Lake and Montney output, and maintains owned infrastructure including pipelines and multi-well batteries for operational flexibility; production averages approximately 15,000 to 15,200 boe per day in 2025 with 51% to 54% oil and liquids weighting, supported by over 450 identified drilling locations across its core areas. Founded in 1981 and headquartered in Calgary, Alberta, Bonterra targets conventional reservoirs with low-risk, repeatable development through horizontal drilling, pad operations, and advanced completion technologies that enhance recoveries and capital efficiencies; it serves domestic markets with robust netbacks from quality light oil and strategic market egress, while prioritizing sustainability through methane reduction programs, environmental stewardship, and a hedging strategy covering about 43% of oil and 30% of gas production over the next nine months. In recent developments, Bonterra completed the acquisition of Charlie Lake assets on March 1, 2024, for $24.1 million, expanding its footprint to 116 contiguous net sections and integrating complementary light oil production; the company closed a $135 million 10.50% senior secured second lien note offering on January 28, 2025, to refinance junior debt and debentures, enhancing liquidity alongside a renewed $125 million revolving credit facility on April 30, 2025; it initiated a normal course issuer bid in April 2025, repurchasing and cancelling 737,700 shares by September 30, 2025, at an average of $3.54 per share to support shareholder returns; Q2 2025 marked record production of 16,399 boe per day, with revised 2025 guidance for $65 to $70 million capital expenditures focused on free funds flow generation, Charlie Lake delineation including a three-well pad with three-mile laterals, and Montney exploration with a new well planned for Q4 2025; net debt stood at $167.8 million as of September 30, 2025, with ongoing reductions and a net debt to EBITDA ratio of 1.4 times.
Company News
Bonterra Energy: A High-Debt Idea That May Work Out While Commodity Prices Remain Strong
Bonterra Energy Announces Second Quarter 2026 Results and Operations Update
Bonterra Energy: This Upcycle Is Critical
Bonterra Energy: Charlie Lake Is The New Core Area
Bonterra Energy Corp. Announces Approval of All Resolutions at Annual Meeting of Shareholders and Voting Results
Bonterra Energy Announces First Quarter 2026 Results and Operations Update
Bonterra Energy Announces Approval of Its Second Normal Course Issuer Bid
Bonterra Energy Announces Year-End 2025 Results and Reserves Evaluation; Achieves Record Annual Production
Bonterra Energy: Growth Strategy On Track
Bonterra Energy: Focusing On Charlie Lake After Strong Recent Results
Bonterra Energy Announces Charlie Lake Well Results, Strategic Charlie Lake Acquisition and 2026 Preliminary Budget Guidance
Bonterra Energy: Winter To The Rescue
Bonterra Energy: Improving AECO Prices Help Offset Sub-$60 Oil Prices
Bonterra Energy Corp. Announces Participation in the Schachter Catch the Energy Conference
Bonterra Energy: Deep Undervaluation And High EBITDA Will Pave The Way
Bonterra Energy: Debt Refinancing Addressed Its Near-Term Maturities
Bonterra Energy: The Transition To More Profitable Production Continues
Bonterra Energy: Lake Charlie To The Rescue
Bonterra Energy: Results Move Towards Oil As Recovery Continues
Bonterra Energy: The Turnaround Continues