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WS - Bonanza Creek Energy Highlights - February 4, 2020
Bonanza Creek Energy’s 2019 production averaged 23,500 boe/d, up 48% YOY, and capex totaled an estimated $222 million, which was below its $230-240 million guidance. In 2020, capex is expected to be $215-235 million. The company is targeting 11- 23% production growth to 26,000-29,000 boe/d. The 2020 plan assumes the continuation of a one-rig operated program on the company’s legacy acreage and the startup of a one-rig non-operated program in the French Lake area......
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