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Bonanza Creek Completions Up +175% YOY; New High Intensity Stimulations

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   |    Wednesday,May 08,2019

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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