Skip to main content April 2021 Investor Presentation – Bonanza Creek Energy, Inc. | Shale Experts
Loading...
Pm

April 2021 Investor Presentation – Bonanza Creek Energy, Inc.

Bonanza Creek Energy, Inc. · Apr 1, 2021 · 22 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. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 1
    INVESTOR PRESENTATION April 2021
  2. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 2
    Bonanza Creek Pure-Play Rural DJ Basin Operator DJ Basin(1) Target Proved Reserves 12/31/20 Niobrara/Codell 169 MMboe (63% PDP) Highly contiguous, oily acreage in rural Weld County Acres Production 1Q 2021e Strong financial position…
  3. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 3
    BCEI + HPR Consolidating the Rural DJ Basin 1Q 2021e pro forma production of Increased Scale 42 - 43 Mboe/d (48% - 52% oil) Significant levered FCF generation Free Cash Flow (150 million in 2021e)(1) PV-10 of synergies of 150…
  4. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 4
    Track Record of Performance Production & Capex Pre-Hedge Adjusted EBITDAX & Margin(1) 40.0 66% 66% 66% 50 Net Production Capex Net Debt - 300 60 63% 64% 70% 61% 61% 44.0 57% 55% 56% 60% 250 50 53% 40 28% CAGR 46% 50% HPR…
  5. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 5
    and Managing Within Commodity Cycle Signal Response Results WTI Oil Cash Capex LOE Production EBITDAX(2) Leverage Price G&A(1) 203.7 +41% -13% +8% -19% 23.5 +33% 65.23 275.3 -17% 5.50 -32% 56.99…
  6. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 6
    Rural and Oily Acreage Resilient to evolving regulatory landscape No municipalities / 100% unincorporated Weld County acreage Low exposure to Federal minerals or surface < 3% of BCEI acreage < 10% of BCEI + HPR acreage(1) Actively…
  7. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 7
    BCEI + HPR Highly Achievable Cost and Capital Synergies The combination of Bonanza Creek and HighPoint is 1 about scale, synergies, margins, and cash flow Future RMI compressor station Existing HPR Compression avoided Example…
  8. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 8
    Rocky Mountain Infrastructure Increased Scale & Optionality Combined Infrastructure Assets 250 MMcf/d of gas gathering capacity 245 miles of gas gathering, gas-lift, and sales lines Gas 24 pipeline interconnects to 4 midstream gas…
  9. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 9
    Free Cash Flow Generation & Capital Allocation Priorities Bonanza Creek expects to announce formal plans for a capital allocation strategy with 1Q earnings 2021E Full Year Pro Forma Free Cash Flow Generation Capital Allocation…
  10. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 10
    Technical & Operating Focus Drives 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…
  11. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 11
    BCEI + HPR Well Performance Synergies Head-to-Head Well Performance Comparison (1) 25 Upside potential when BCEI 20 technical and operating practices are applied to HPR acreage Cumulative Oil (MBO/1000') (2) 15…
  12. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 12
    Strong Oil Recoveries Drives Strong Returns DJ Basin 12-Month Cumulative Oil Production per 1,000' Lateral Feet 16,000 (Jun 2018 to Dec 2020) 50 45 14,000 12-month Cumulative Oil Production per 1000' 40 NBL 12,000 35…
  13. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 13
    2021 Guidance BCEI BCEI + Full year pro forma 2021e production of 42 Mboe/d(3) Stand-Alone HPR Full year pro forma 2021e LFCF of 150 million(4) 9 Months Guidance 1Q 2021 Ending Full year 2021 capex guidance of 150 - 170 million…
  14. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 14
    ESG Commitment Meet and exceed Colorado air emission standards and groundwater monitoring regulations Reduced carbon footprint via pipeline infrastructure, reduced truck traffic, Leak Detection and Repair (LDAR), and Storage Tank…
  15. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 15
    Company Contacts Brant DeMuth EVP, Chief Financial Officer Tel: (720) 440-6117 Email: bdemuthbonanzacrk.com Scott Landreth Senior Director, Finance, Investor Relations and Treasurer Tel: (720) 225-6679 Email:…
  16. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 16
    Appendix 17 17
  17. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 17
    Analyst Coverage Firm Analyst Contact Info Capital One Phillips Johnston 504-593-6163 / phillips.johnstoncapitalone.com KeyBanc Leo Mariani 512-872-7875 / leo.marianikey.com Seaport Nick Pope 646-535-7673 / npopeseaportglobal.com…
  18. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 18
    Hedged Volumes Protect balance sheet and reduce realized price volatility Combination of swaps, collars, and puts 19 19 (1) Pro Forma hedges as of 4/1/21
  19. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 19
    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…
  20. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 20
    YE 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…
  21. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 21
    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…
  22. April 2021 Investor Presentation – Bonanza Creek Energy, Inc. – slide 22
    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 operating…

From the store

Browse maps, data & reports in the Shale Experts store