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JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc.

Bonanza Creek Energy, Inc. · Sep 28, 2018 · 19 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. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 1
    JOHNSON RICE INVESTOR PRESENTATION September 2018 1
  2. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 2
    Bonanza Creek Pure Play Wattenberg Operator Wattenberg Target Proved Reserves YE17 Niobrara/Codell 90 MMBoe (47% PD) Acres Production 2Q18 Highly contiguous, oily leasehold in rural Wattenberg 67,000 net 15.1 MBoe/d (59% oil)…
  3. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 3
    Growth & Value Opportunity 50% Wattenberg Growth 20.0 Building a Track Record of Solid Growth 16.0 25% annualized production growth 2017 to 2018(1) 12.0 50% production growth Q417 to Q418(1) Mboe/d 17.2 50% annualized growth…
  4. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 4
    Wattenberg Assets 67,000 net acres in high-value multi-stack pay 60% oil & 20% NGLs Upstream + RMI gathering efficiencies North Acreage 21,000 net acres Contiguous and rural Weld County with less surface cultural risk Over 1,000…
  5. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 5
    Rocky Mountain Infrastructure Rocky Mountain Infrastructure Assets 120 miles of gas gathering pipe 100 MMcf/d of gas gathering capacity 10 interconnects to downstream gas processors 6 compressor sites with 32k total horsepower 4…
  6. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 6
    RMI Provides Consistent and Low Wellhead Pressure and Flow Assurance Line pressures on RMI system have remained low at BCEI/RMI vs Prevailing Field Pressures 75 PSI during a period when regional field systems 450 have experienced…
  7. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 7
    2018 Capital Program Drill 77 gross / 59 net wells Turn online 49 gross / 37 net wells Operational Focus High-intensity designs driving value creation Enhanced recovery flow back for higher oil yields Centralized gas lift for…
  8. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 8
    Building a Track Record of Execution Wattenberg Production Adjusted EBITDAX(2) 20.0 50% Growth 40.0 60% Growth 16.0 30.0 (MM) 12.0 Mboe/d 17.2 20.0 8.0 - 34.8 14.1 13.7 15.1 29.7 12.6 12.5 12.0 16.6 26.3 10.0 18.9 21.3…
  9. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 9
    Higher-Intensity Completion Design Driving Value Creation Cumulative Oil 2018 Completion Design 80,000 Tighter stage and perforation architecture 2017 2018 Cumulative Production (BO) Increased proppant intensity 60,000 +37%…
  10. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 10
    Central Slickwater Result Continues to Outperform 25 Slickwater design in our central acreage continues to outperform the previous type curve 20 Day 260: 3-Stream Cumulative Production (Mboe/1,000') 20.0 MBoe (63% oil)…
  11. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 11
    Outstanding Results From First Enhanced Completion XRL Wells 16 We completed our first enhanced XRL completion on the 14 Day 250: 14.4 MBoe (71% oil) J21 and T21 pads in the second half of 2017 +37% 3-Stream Cumulative…
  12. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 12
    Continued Strong Performance From Western Legacy Acreage 30 Day 360: 28.0 MBoe (58% oil) F-26 pad completed in 1Q18 3-Stream Cumulative Production (MBoe/1,000') North Platte completed 44-13 pad 3Q17 25 Wells incorporated…
  13. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 13
    Encouraging Results from French Lake 18 Continue to work on a joint development plan 16 Accommodates XRL (9,500) development 3-Stream Cumulative Production (Mboe/1,000') 14 12 Initial XRL appraisal wells are encouraging…
  14. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 14
    2018 Guidance Focused on Profitable Growth 3Q18 2018 Program is weighted to the back half Guidance 3Q18 Pro-forma(4) FY18 50% Wattenberg growth in 4Q18 versus 4Q17 Production (Mboe/d) 17.4 18.0 16.6 17.2 17.4 18.0 50% annual…
  15. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 15
    Strong Financial Position COMMITTED TO MAINTAINING FINANCIAL STRENGTH AND FLEXIBILITY TO PARTICIPATE IN FULL-CYCLE VALUE CREATION Patient capital structure with low leverage Debt free 200 million of liquidity(1) Pro-active…
  16. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 16
    Appendix 17
  17. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 17
    Guidance Wattenberg Operations(1) 1Q18 2Q18 3Q18(E) FY18(E) Wattenberg Wattenberg Wattenberg Wattenberg Production (Mboe/d) 13.7 15.1 16.6 17.2 15.7 16.3 Lease Operating Expense (/Boe) 6.00 6.01 4.40 - 4.80 4.90 - 5.30 Gas…
  18. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 18
    Hedged Volumes* Oil Hedges Natural Gas Hedges 10,000 9,330 16,000 9,000 8,500 13,600 14,000 12,600 8,000 7,500 7,500 7,000 7,000 12,000 7,000 58.32 6,000 59.33 10,000 59.94 7,600 5,000 8,000 2.75/ 57.87 58.07 59.94 3.35 4,000 3,000…
  19. JOHNSON RICE INVESTOR PRESENTATION – Bonanza Creek Energy, Inc. – slide 19
    Adjusted EBITDAX Reconciliation Adjusted EBITDAX is a supplemental non-GAAP financial measure that is used by management to provide a metric of the Company's ability to internally generate funds for exploration and development of oil and…

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