Bonanza Creek Energy Inc

Denver-based Bonanza Creek Energy, Inc. is an exploration and production company focused on the extraction of oil and associated liquids-rich natural gas in the United States. Founded in 1999, the company went public in December 2011. The common shares are listed for trading on the NYSE under the symbol “BCEI.”  Our operations are focused in the Wattenberg Field in the DJ Basin of Colorado.  The low risk and stable production profile of these assets provides a strong cash flow base from which to develop the Niobrara and Codell formations in Colorado, the growth engine of the company. Our corporate strategy is to aggressively create shareholder value by increasing production in our current assets, while opportunistically seeking strategic acquisitions in other high return basins across the United States. Bonanza Creek maintains high working interest in its properties and operates all of its proved reserves.  Our technical staff of geologists, petroleum engineers, and geophysicists have decades of industry experience and are experts in horizontal drilling and fracture stimulation. We are dedicated throughout the organization to safety and environmental responsibility.

• We hold approximately 70,000 net acres in the oily extension area of the Wattenberg Field in Weld County, Colorado, which provides some of the strongest economic return projects in the United States today. The play consists of multiple stacked benches of opportunity, including the Niobrara B Bench, the Niobrara C Bench, and the Codell formation. Downspacing and the application of the extended reach laterals continue to increase the value inherent within these properties.
• We intend to pursue bolt-on acquisitions in areas where we operate and where we believe we possess a strategic or technical advantage. In addition, we intend to focus on other oil and liquids-rich opportunities where we believe our operational experience will enhance the value and performance of acquired properties.
• We operate approximately 99% of our existing proved reserves and maintain a high working interest in our properties. We prefer to operate and control the development of our assets, allowing us to leverage our technical, operating, and management skills, and govern the timing of our capital expenditures.