Operational Updates
Bonanza Creek Energy Reports First Quarter 2012 Niobrara Drilling
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During the first quarter 2012, we drilled a total of 42 gross (36.5 net) wells, completed 16 gross (13.7 net) wells and performed 33 recompletions. In the Wattenberg Field, we drilled 30 wells and completed five horizontal and four vertical wells. In the Mid-Continent, we drilled 12 vertical wells and completed seven wells. A total of 31 upper Cotton Valley recompletions were performed. At May 1, 2012, we had two horizontal and two vertical rigs operating in the Wattenberg Field and two vertical rigs active in southern Arkansas.
Wattenberg Horizontal Niobrara Highlights
We completed five horizontal wells in the first quarter 2012 with two producing for longer than 30 days to date. These two wells had an average 30-day rate of 541 Boe/d. Together with the first four wells completed in…
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