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February 06, 2016 9:45 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Bonanza Creek Energy, Inc.

Company Overview

Bonanza Creek Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of onshore oil and associated liquids natural gas in the United States. The company’s oil and liquids weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas. It also owns and operates oil-producing assets in the North Park Basin in Colorado; and the McKamie Patton Field in Southern Arkansas. The company was founded in 2010 and is headquartered in Denver, Colorado.

410 17th Street

Suite 1400

Denver, CO 80202

United States

Founded in 2010

334 Employees

Phone:

720-440-6100

Fax:

720-305-0804

Key Executives for Bonanza Creek Energy, Inc.

Chief Executive Officer, President, Director and Member of Reserve Committee
Age: 46
Total Annual Compensation: $63.9K
Chief Financial Officer and Executive Vice President
Age: 49
Total Annual Compensation: $344.2K
Chief Operating Officer and Executive Vice President
Age: 55
Total Annual Compensation: $338.5K
Executive Vice President, General Counsel and Secretary
Age: 42
Total Annual Compensation: $287.5K
Chief Accounting Officer and Vice President
Age: 43
Total Annual Compensation: $254.5K
Compensation as of Fiscal Year 2014.

Bonanza Creek Energy, Inc. Key Developments

Bonanza Creek Energy, Inc. Presents at Capital One Securities 10th Annual Energy Conference, Dec-10-2015 10:40 AM

Bonanza Creek Energy, Inc. Presents at Capital One Securities 10th Annual Energy Conference, Dec-10-2015 10:40 AM. Venue: Omni Royal Orleans Hotel, 621 St Louis, New Orleans, Louisiana, United States.

Bonanza Creek Energy, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015 and Announces Unaudited Consolidated Production Results for the Third Quarter Ended September 30, 2015; Reports Impairment Charges for the Third Quarter Ended September 30, 2015; Revises Production Guidance for the Fourth Quarter and Revises Capital Expenditure and Production Guidance for the Full Year 2015

Bonanza Creek Energy, Inc. announced unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported oil and gas sales of $72.149 million against $156.37 million a year ago. Loss from operations was $202.340 million against income of $41.47 million a year ago. Loss from continuing operations before taxes was $180.596 million against income of $79.27 million a year ago. Loss from continuing operations was $112.299 million or $2.25 per basic and diluted share against income of $48.854 million or $1.18 per basic and diluted share a year ago. Net loss was $112.299 million or $2.25 per basic and diluted share against net income of $48.782 million or $1.18 per basic and diluted share a year ago. Net cash provided by operating activities was $36.989 million against $117.993 million a year ago. Additions to property and equipment - non oil and gas were $1.741 million against $1.462 million a year ago. Adjusted net loss was $3.622 million or $0.07 per diluted share against income of $18.917 million or $0.46 per diluted share a year ago. Adjusted EBITDAX was $73.281 million against $110.355 million a year ago, representing a decline of 33% year-over-year despite a 60% increase in realized pricing during the same period. And spending on capital expenditures dropped to $88.3 million, down 46% from the second quarter. The company dropped from operating two drilling rigs to operating a single rig. For the nine months, the company reported oil and gas sales of $235.647 against $435.448 million a year ago. Loss from operations was $283.291 million against income of $113.751 million a year ago. Loss from continuing operations before taxes was $276.727 million against income of $96.912 million a year ago. Loss from continuing operations was $171.884 million or $3.56 per basic and diluted share against income of $59.696 million or $1.46 per diluted share a year ago. Net loss was $171.884 million or $3.56 per diluted share against net income of $63.471 million or $1.46 per diluted share a year ago. Net cash provided by operating activities was $85.152 million against $275.962 million a year ago. Exploration and development of oil and gas properties was $361.018 million against $448.59 million a year ago. Natural gas plant capital expenditures were $0.113 million against $0.281 million a year ago. Additions to property and equipment - non oil and gas were $2.390 million against $5.451 million a year ago. Acquisition of oil and gas properties was $13.602 million against $178.883 million a year ago. Adjusted net loss was $19.560 million or $0.41 per diluted share against income of $55.600 million or $1.39 per diluted share a year ago. Adjusted EBITDAX was $206.092 million against $285.266 million a year ago. For the quarter, the company reported oil production of 1,550.8 MBbl against 1,524.5 MBbl a year ago. Gas production was 3,766.0 MMcf against 4,305.1 MMcf a year ago. NGL production was 485.0 MBbl against 104.4 MBbl a year ago. The company reported company-wide sales volumes of 29,000 barrels of oil equivalent per day during the quarter, which is 5% greater than 3 streams volumes of a year ago. For the fourth quarter of 2015, the company now expects production of 27.5 to 28.1 against previously expected of 28.6. For the full year 2015, the company now expects production of 28.0 Mboe/d to 28.2 Mboe/d against previously expected of 27.8 Mboe/d to 29.0 Mboe/d. Total capex is now expected to be in the range of $410 million to $430 million against previously expected of $400 million to $440 million. For the quarter, the company reported impairment of oil and gas properties of $166.780 million.

Bonanza Creek Energy, Inc. to Report Q3, 2015 Results on Nov 05, 2015

Bonanza Creek Energy, Inc. announced that they will report Q3, 2015 results After-Market on Nov 05, 2015

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