Bonanza Creek Reduces CAPEX by 36-38% for 2015

Slide from Bonanza Creek Energy January 2015 Investor Presentation

Slide from Bonanza Creek Energy January 2015 Investor Presentation

In their Investor Presentation on January 20 2015, Bonanza Creek Energy Inc, (BCEI) said that they would be reducing their 2015 capital expenditures by 36 to 38 percent.  The company’s plans for its Wattenberg Field Asset is to grow its sales volumes by 23% year over year, have an average of 2.5 drilling rigs running during the year, and drill 77 gross wells of which 29% will be XRL (extended reach laterals).  Bonanza Creek has approximately 70,000 acres in the Niobrara extension area, with no exposure to urban populations with a near established infrastructure and blocky acreage that is attractive for long laterals.

View the entire Bonanza Creek Energy Investor Presentation for January 2015

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