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Bonanza Creek Touts 4Q Completions; Plans Sale of MidCont Asset
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Bonanza Creek Energy, Inc. announces its fourth quarter and full year 2015 financial and operating results.
Key Points: In 2016, the Company is implementing a mono-bore well design. This design removes the cost of the intermediate string of casing while also decreasing drilling time by approximately one day. Among other operational advantages of mono-bore design, the observed savings in materials and time reduces the completed well cost of an SRL by approximately $100,000. To date, the Company has executed seven successful mono-bore wells and plans to utilize this well design for the remainder of its program in 2016. During the fourth quarter of 2015, the Company released its last remaining drilling rig in its Mid-Continent region. As of December 31, 2015 the Company classified this…- ✓ Full news archive — U.S., Canada & international coverage
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