Bonanza Creek Pure-Play Rural Wattenberg Operator Wattenberg Target Proved Reserves 6/30/20 Niobrara/Codell 121 MMboe (50% PDP) Acres Production 3Q20 Highly contiguous, oily acreage in rural Weld County 92,000 gross 26.2 Mboe/d (53%…
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% 61% 64% 70% 61% 28.0 33% CAGR 26.2 175 55% 57%…
Attractive Valuation & Shareholder Mix Shareholder Mix Balanced Shareholder Base Significant shareholder evolution over three years Pre-emergence debt holders equity ownership reduced from 50%…
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…
Future Development Proximity to Occupied Structures(1) Resilient to Evolving Regulatory Landscape No expected impact to BCEIs development plan or existing infrastructure 1,000 well inventory or PUDs pending permit applications…
Rocky Mountain Infrastructure Rocky Mountain Infrastructure Assets 100 MMcf/d of gas gathering capacity 105 miles of gas gathering and gas-lift lines 11 pipeline interconnects to 4 midstream gas processors Oil line connected to NGL…
Consistent and Low Gathering Pressure and Flow Assurance 400 350 Gathering System Pressure Outside RMI 300 250 200 150 BCEI/RMI Field Pressure 100 50 0 Mar-17 Mar-18 Mar-19 Mar-20 Jun-18 Jun-17 Sep-17…
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…
Impressive BCEI 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 C D…
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…
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' 40…
2020 Guidance Focused on Profitable Growth & Operational Flexibility 2019 9/30/2020 2020 Drilling and completion activities stopped Guidance Actuals YTD Guidance during 1Q 2020 Production (Mboe/d) 23.5 25.3 25.0 - 25.5 Free cash…
Strong Financial Position COMMITTED TO MAINTAINING FINANCIAL STRENGTH AND FLEXIBILITY Simple capital structure with low leverage allows company to be patient and opportunistic 240 million of liquidity as of 9/30/2020 Proactive…
Appendix 16 16
Hedged Volumes Protect balance sheet and reduce realized price volatility Combination of swaps, collars, and puts 17 17 Note: Hedges as of 11/5/2020
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…
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…
Recurring Cash G&A Reconciliation Recurring cash G&A is a supplemental non-GAAP financial measure that is used by management to provide only the cash portion of its G&A expense, which can be used to evaluate cost management and…
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…
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