Drilling & Completions | Quarterly / Earnings Reports | First Quarter (1Q) Update | Drilling Activity | Well EUR | Drilling Program-Rig Count
Bonanza Creek Completions Up +175% YOY; New High Intensity Stimulations
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Bonanza Creek Energy Inc. reported its Q1 2019 results. Highlights from its report and presentation are below.
Q1 Summary
- Well Activity (gross): Drilled 13 wells / TIL 22 wells in Q1 - down -27% and up +175% YOY, respectively
- Rigs: 1 total rigs running - flat YOY
- Q1 D&C Spending: $44.8 million - down -13% YOY
- Q1 Production: Total equivalent production averaged 20.7 MBOEPD - up +23% from Q1 2018
Touts New Results from High Intensity Stimulations
The company detailed its results stemming from its new "high intensity" completion design in the Wattenberg:
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