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May 2017 Investor Presentation – Bonanza Creek Energy, Inc.

Bonanza Creek Energy, Inc. · May 2, 2017 · 9 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. May 2017 Investor Presentation – Bonanza Creek Energy, Inc. – slide 1
    May 2017
  2. May 2017 Investor Presentation – Bonanza Creek Energy, Inc. – slide 2
    Bonanza Creek at a Glance Portfolio Summary Wattenberg Overview as of December 31, 2016 BCEI is a publicly traded Denver based E&P Company Net Acres 67,000 focused on the development of the Niobrara and Codell Operated Horizontal…
  3. May 2017 Investor Presentation – Bonanza Creek Energy, Inc. – slide 3
    Successful Financial Restructuring Company emerged from bankruptcy debt-free on April 28, 2017 Restructuring resulted in the equitization of approximately 866 million(1) of unsecured debt, eliminating approximately 50 million of…
  4. May 2017 Investor Presentation – Bonanza Creek Energy, Inc. – slide 4
    Pro Forma Capital Structure Pro Forma Capitalization December 31, Pro Forma as of 2016 Restructuring December 31, 2016 Cash 80 16 96 Secured Credit Facility (RBL) 192 (192) 2021 Notes 500 (500) 2023 Notes 300 (300) Total Debt 992…
  5. May 2017 Investor Presentation – Bonanza Creek Energy, Inc. – slide 5
    Structure of New Equity Post-Emergence Effect of Rights Post Emergence Pre- Offering and Equity % Ownership Dilution Settlement Equitization of Senior Notes 95.40% 46.53% Disputed Claim Reserve 0.10% 0.05% At emergence, legacy…
  6. May 2017 Investor Presentation – Bonanza Creek Energy, Inc. – slide 6
    Amended Secured Credit Facility Upon emergence, Bonanza Creek entered into a new exit credit facility The new facility matures in 2021 and has a borrowing base redetermination holiday until spring of 2018 Credit Facility Details…
  7. May 2017 Investor Presentation – Bonanza Creek Energy, Inc. – slide 7
    Restructured Oil Pipeline Contract New Contract with NGL Energy Partners on the Grand Mesa Pipeline 7-year term (1/1/17 12/31/23) Differential to WTI Cushing Years 1-3: 4.25 + 10% of WTI over 50 (capped at 7.00) Years 4-7: 5.25 +…
  8. May 2017 Investor Presentation – Bonanza Creek Energy, Inc. – slide 8
    Appointed Members of the Board of Directors Jack E. Vaughn Chairman of the Board of Directors Chairman and CEO of Peak Exploration and Production, LLC; 2007 Present Richard J. Carty President and CEO of Bonanza Creek Energy Paul…
  9. May 2017 Investor Presentation – Bonanza Creek Energy, Inc. – slide 9
    Operational Outlook Plan to commence drilling program around June 1, 2017 2017 program is pending new board approval Focuses on legacy acreage position in/around RMI infrastructure Assumes well costs of 2.9 million for SRL and 5.1…

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