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Bonanza Creek Talks Cotton Valley Ops, 4Q Reserves

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Bonanza Creek Talks Cotton Valley Ops, 4Q Reserves

Bonanza Creek Energy, Inc. reported its fourth quarter and full year 2014 financial and operating results.

Highlights from 4Q 2014 include: Increased sales volumes by 23% compared to fourth quarter 2013(1), to 25.9 Mboe/d Grew Rocky Mountain production by 29% compared to fourth quarter 2013, to 19.4 Mboe/d Adjusted EBITDAX of $102.4 million Highlights for full year 2014 include: Increased sales volumes by 45% compared to 2013, to 23.5 Mboe/d Grew Rocky Mountain production by 65% compared to 2013, to 17.5 Mboe/d Adjusted EBITDAX of $387.7 million, up 33% from 2013 Proved reserves increased 28% year-over-year to 89.5 MMboe (97.3 MMboe three-stream) with strong reserve replacement of 336% 3P reserves increased 40% to 497 MMboe (558 MMboe three-stream) Rocky Mountain region proved reserves…
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