Exploration & Production
Bonanza Creek Sees 'Limited' Effects from Colorado Floods
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Bonanza Creek Energy, Inc. has reported on the impacts that the severe flooding in northern Colorado has had on its operations.
After a thorough safety and environmental assessment, including the physical inspection of approximately 95% of its operated wells and an assessment from the air or close proximity of its remaining wells, the Company reported no incidents. The Company did, however, proactively shut-in 13 horizontal wells and 26 vertical wells over the weekend for precautionary reasons. The Company is in the process of returning the last six horizontal wells to sales and experienced minimal disruption to production volumes. While the Company experienced slight delays in drilling and completion operations, the Company does not expect any material impact to its 2013 scheduled…
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