Skip to main content Investor Presentation – Bonanza Creek Energy, Inc. | Shale Experts
Loading...
Pm

Investor Presentation – Bonanza Creek Energy, Inc.

Bonanza Creek Energy, Inc. · Sep 2, 2020 · 20 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. Investor Presentation – Bonanza Creek Energy, Inc. – slide 1
    INVESTOR PRESENTATION September 2020
  2. Investor Presentation – Bonanza Creek Energy, Inc. – slide 2
    Bonanza Creek Pure-Play Wattenberg Operator Wattenberg Target Proved Reserves 6/30/20 Niobrara/Codell 121 MMboe (50% PDP) Acres Production 2Q20 Highly contiguous, oily acreage in rural Weld County 92,000 gross 24.9 Mboe/d (56% oil)…
  3. Investor Presentation – Bonanza Creek Energy, Inc. – slide 3
    Track Record of Performance & Managing Within Commodity Cycle Wattenberg Production & Capex Pre-Hedge Adjusted EBITDAX & Margin(1) 32.0 Net Production Capex Net Debt 200 60 63% 66% 66% 64% 70% 61% 61% 28.0 34% CAGR 175 55% 57% 25.0…
  4. Investor Presentation – Bonanza Creek Energy, Inc. – slide 4
    Attractive Valuation & Shareholder Mix Shareholder Mix 100% 2.5 Balanced Shareholder Base 80% 2.0 Significant shareholder evolution over 2 Company Beta % Ownership 60% 1.5 years 40% 1.0 Pre-emergence debt holders equity 20%…
  5. Investor Presentation – Bonanza Creek Energy, Inc. – slide 5
    Rural and Oily Acreage No municipalities / 100% unincorporated Weld County acreage < 3% of acreage with Federal minerals or surface Actively engaged with community stakeholders to help ensure safe, thoughtful and responsible…
  6. Investor Presentation – Bonanza Creek Energy, Inc. – slide 6
    Future Development Proximity to Occupied Structures(1) Resilient to Evolving Regulatory Landscape No expected impact to BCEIs Northern Acreage development plan or existing infrastructure 1,000 well inventory or PUDs pending permit…
  7. Investor Presentation – Bonanza Creek Energy, Inc. – slide 7
    Rocky Mountain Infrastructure Rocky Mountain Infrastructure Assets 100 MMcf/d of gas gathering capacity 11 pipeline interconnects to 4 midstream gas processors Oil line connected to NGL w/ option for 2nd connection in 3Q 2020 7…
  8. Investor Presentation – Bonanza Creek Energy, Inc. – slide 8
    Consistent and Low Gathering Pressure and Flow Assurance 400 Gathering System Pressure Outside RMI 350 300 250 200 150 BCEI/RMI Field Pressure 100 50 0 Mar-17 Mar-18 Mar-19 Mar-20 Jun-17 Sep-17…
  9. Investor Presentation – Bonanza Creek Energy, Inc. – slide 9
    Engineering Better Well Performance Higher-Intensity Completions 40 K-22 Pad (2Q 2018) I-21 Pad (1Q 2019) Well Density: 16 wells /section Well Density: 16 wells / section Driving value creation through: 35 Tighter stage and perf…
  10. Investor Presentation – Bonanza Creek Energy, Inc. – slide 10
    Impressive Legacy East and Northern Performance C B D Legacy East & Northern Block Performance A 1,000 BCEI Non-Op Wells Ranch (10,500 LL) Pronghorn B-28 Pad (9,600 LL) Whitetail A-4 Well (9,637 LL) Northern Acreage 2021 BCEI…
  11. Investor Presentation – Bonanza Creek Energy, Inc. – slide 11
    Technical & Operating Teams Driving Better Performance(1) Legacy West Type Curves Legacy Central Type Curves 180,000 180,000 1,030 Mboe EUR 160,000 160,000 930 Mboe EUR 140,000 140,000 Cumulative Boe Cumulative Boe 120,000 580…
  12. Investor Presentation – Bonanza Creek Energy, Inc. – slide 12
    Technical & Operating Performance Driving Strong Oil Recoveries DJ Basin 12-Month Cumulative Oil Production per 1,000 Lateral Feet 18,000 (June 2018 to Present) 50 16,000 45 12-month Cumulative Oil Production per 1000' BCEI 40…
  13. Investor Presentation – Bonanza Creek Energy, Inc. – slide 13
    2020 Guidance Focused on Profitable Growth & Operational Flexibility 2019 2020 2020 Drilling and completion activities stopped Guidance Actuals YTD Guidance during 1Q 2020 Production (Mboe/d) 23.5 24.8 24.0 - 25.0 Free cash flow…
  14. Investor Presentation – Bonanza Creek Energy, Inc. – slide 14
    Strong Financial Position COMMITTED TO MAINTAINING FINANCIAL STRENGTH AND FLEXIBILITY Simple capital structure with low leverage allows company to be patient and opportunistic 206 million of liquidity as of 6/30/2020 Proactive…
  15. Investor Presentation – Bonanza Creek Energy, Inc. – slide 15
    Appendix 16 16
  16. Investor Presentation – Bonanza Creek Energy, Inc. – slide 16
    Hedged Volumes* Protect balance sheet and reduce realized price volatility Combination of swaps, collars and puts * Hedges as of 8/3/2020 17 17
  17. Investor Presentation – Bonanza Creek Energy, Inc. – slide 17
    2Q 2020 PV-10 Reconciliation PV-10 values are non-GAAP financial measures as defined by the SEC. The Company believes that the presentation of PV-10 value is relevant and useful to its investors because it presents the discounted future…
  18. Investor Presentation – Bonanza Creek Energy, Inc. – slide 18
    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…
  19. Investor Presentation – Bonanza Creek Energy, Inc. – slide 19
    Recurring Cash G&A Reconciliation Recurring cash G&A is a supplemental non-GAAP financial measure that is used by management and external users of the Companys consolidated financial statements, such as industry analysts, investors,…
  20. Investor Presentation – Bonanza Creek Energy, Inc. – slide 20
    Net Debt Reconciliation Net Debt is a supplemental non-GAAP financial measure that is used by management and external users of the Companys consolidated financial statements, such as industry analysts, investors, lenders and rating…

From the store

Browse maps, data & reports in the Shale Experts store