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January 2019 Investor Presentation – Bonanza Creek Energy, Inc.

Bonanza Creek Energy, Inc. · Jan 30, 2019 · 17 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. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 1
    INVESTOR PRESENTATION January 2019
  2. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 2
    Bonanza Creek Pure Play Wattenberg Operator Wattenberg Target Proved Reserves 12/31/18 Niobrara/Codell 116.8 MMBoe (42% PDP) Acres Production 4Q18 Highly contiguous, oily leasehold in rural Wattenberg 67,000 net 17.7 MBoe/d (62%…
  3. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 3
    Growth & Value Opportunity 28.0 30% Production Growth 2018 to 2019 Building a Track Record of Solid Growth in Wattenberg 24.0 24.0 Wattenberg Production (Mboe/d) 48% production growth Q417 to Q418 20.0 48% Production Growth -…
  4. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 4
    Wattenberg Assets 67,000 net / 92,000 gross acres in high-value multi-stack pay 60% oil & 20% NGLs Upstream + RMI gathering efficiencies Contiguous acreage in rural Weld County No municipalities overlapping our acreage Over 1,000…
  5. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 5
    Rocky Mountain Infrastructure Rocky Mountain Infrastructure Assets 140 miles of pipelines 100 MMcf/d of gas gathering capacity 11 interconnects to 4 midstream gas processors 6 compressor sites, 30k total horsepower capacity 4 CPFs…
  6. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 6
    RMI Provides Consistent and Low Wellhead Pressure and Flow Assurance 500 BCEI/RMI vs Prevailing Field Pressures 400 Prevailing Field Pressure Line Pressure (psi) 300 200 BCEI/RMI Field Pressure 100 0 Jun-16 Sep-16 Dec-16…
  7. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 7
    2019 Capital Program Capex: 230MM - 255MM with primary focus in Legacy West & Central Spud 59 gross / 38.6 net wells 55% SRL / 45% XRL development Turn online 45 gross / 32.8 net wells Operational Focus High-intensity completion…
  8. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 8
    Building a Track Record of Execution Wattenberg Production Adjusted EBITDAX(1) 20.0 45.0 48% Growth 75% Growth 40.0 16.0 35.0 30.0 12.0 Mboe/d 25.0 (MM) 16.8 17.7 20.0 38.4 8.0 15.1 34.8 14.1 12.6 13.7 15.0 29.7…
  9. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 9
    Higher-Intensity Completion Design Driving Value Creation 2018 Completion Design Cumulative Oil 90,000 Tighter stage and perforation architecture 2018 40% + Increased proppant intensity Cumulative Production (BO) 2017…
  10. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 10
    Enhanced Completions & Spacing Driving Resource Recovery Uplift in Legacy West 40 Downspacing test (K-22 pad) completed in 2Q18 3-Stream Cumulative Production (MBoe/1,000') 35 F-26 - Day 230 continues to perform inline with…
  11. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 11
    Encouraging Results from French Lake 25 Contiguous leasehold in rural Weld County 20 Accommodates XRL (9,500) development 3-Stream Cumulative Production (Mboe/1,000') Initial XRL delineation wells are encouraging 15 6 of 8…
  12. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 12
    High Intensity Stimulation Designs Driving Enhanced Well Performance(1) Legacy West Type Curves Legacy Central Type Curves 1,030 Mboe EUR 930 Mboe EUR 180,000 180,000 59% oil; 5.6MM D&C 59% oil; 5.6MM D&C 160,000 160,000 140,000…
  13. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 13
    2019 Guidance Focused on Profitable Growth & Operational Flexibility(1) Current program provides for production in excess of 30% while Guidance FY19 maintaining ample liquidity and a strong balance sheet Production (Mboe/d) 20.0…
  14. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 14
    Strong Financial Position COMMITTED TO MAINTAINING FINANCIAL STRENGTH AND FLEXIBILITY TO PARTICIPATE IN FULL-CYCLE VALUE CREATION Patient capital structure with low leverage 300 million of liquidity as of 12/31/18 Pro-active…
  15. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 15
    Appendix 16 16
  16. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 16
    Hedged Volumes* Oil Hedges Natural Gas Hedges 12,000 25,000 22,500 22,500 21,709 9,830 20,739 10,000 9,000 9,000 8,828 20,000 8,000 57.84 15,000 2.20 59.16 59.92 59.92 6,000 2.15 2.13 2.13 10,000 4,000 54.51/ 3,000 3.13…
  17. January 2019 Investor Presentation – Bonanza Creek Energy, Inc. – slide 17
    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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