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Bonanza Creek Ramping Up Drilling, TIL Activity in 2020; Capex Flat YOY
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Bonanza Creek Energy, Inc. has reported its 2020 capital plans as well as its highlights for Q4 and the full year of 2019.
2020 DetailsThe company will be ramping up D&C activity YOY - Bonanza Creek's TIL activity is getting the biggest YOY boost at nearly +50%.
Spending will be relatively flat YOY and production is expected to increase 17%.
The Company expects its 2020 oil differential to be in the range of $4.35 to $4.85 per barrel based on an average WTI benchmark range of $50 to $60 per barrel.
Eric Greager, President and Chief Executive Officer of Bonanza Creek, commented, "The Company finished 2019 strong, meeting or beating initial guidance for the year and meaningfully improving key performance measures throughout the year. Average sales volumes in 2019 finished near the…
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