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Bonanza Creek Halts Rockies Drilling; Awaits Results of New Well Design
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Bonanza Creek Energy, Inc. announces its first quarter 2016 financial and operating results.
Key Points: Wattenberg - New Well Design (read more about it here) During the first quarter, the Company drilled and completed its first pad of wells that incorporated plug-and-perf completions, increased sand loading of 1,500 pounds per lateral foot, and monobore construction. The Company is monitoring the results of these enhanced wells designs and plans to discuss their performance in the second half of 2016. At the end of the first quarter, the Company released its remaining operated rig and has halted drilling and completion activity in its Rocky Mountain region. During the quarter, the Company connected 17 gross (11.4 net) horizontal wells into sales, consisting of 8.8 net standard reach…- ✓ Full news archive — U.S., Canada & international coverage
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