Exploration & Production | Well Lateral Length | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Downspacing | Well Spacing
Bonanza Creek Bets on 40-Acre Downspacing in the Niobrara
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In its 4Q report, Bonanza Creek Energy detailed the latest developments in the Wattenberg, including delineation and downspacing results.
Bonanza Creek has concluded much of the delineation and de-risking of its assets as a result of drilling approximately 240 horizontal wells through 2014. The Company is confident that the Niobrara B and C benches are prospective across its acreage position and the Codell is prospective on nearly 30,000 net acres. In addition, increasing the completion stages from 18 to 28 resulted in an approximate 20% improvement to the initial production rates of 40-acre spaced wells in the Niobrara B and C benches.
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Long (9,000') and medium (7,500') reach laterals are now integral to the Company's development program after having successfully drilled 14…
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