October 31, 2014 3:17 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Bonanza Creek Energy, Inc.

Company Overview

Bonanza Creek Energy, Inc., together with its subsidiaries, operates as an independent energy company in the United States. The company is primarily engaged in the acquisition, exploration, development, and production of onshore oil and natural gas assets 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

236 Employees

Phone:

720-440-6100

Fax:

720-305-0804

Key Executives for Bonanza Creek Energy, Inc.

Chief Financial Officer and Executive Vice President
Age: 48
Total Annual Compensation: $193.8K
Senior Vice President
Age: 41
Total Annual Compensation: $250.4K
Chief Accounting Officer
Age: 42
Total Annual Compensation: $233.7K
Compensation as of Fiscal Year 2013.

Bonanza Creek Energy, Inc. Key Developments

Bonanza Creek Energy, Inc. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014

Bonanza Creek Energy, Inc. Presents at Canaccord Genuity 8th Annual Global Resources Conference, Oct-15-2014 . Venue: Palace Hotel, 455 Madison Avenue, New York, New York, United States.

Bonanza Creek Energy, Inc. Reports Unaudited Earnings and Production Results for the Second Quarter Ended June 30, 2014; Provides Production Guidance for the Year 2014

Bonanza Creek Energy, Inc. reported unaudited earnings and production results for the second quarter ended June 30, 2014. For the quarter, the company reported net revenues of $151,682,000 against $84,517,000 a year ago. Income from operations was $38,641,000 against $22,605,000 a year ago. Income from continuing operations before taxes was $2,067,000 against $24,211,000 a year ago. Income from continuing operations was $1,271,000 or $0.03 per diluted share against $14,883,000 or $0.37 per diluted share a year ago. Net income was $1,158,000 or $0.03 per diluted share against $14,715,000 or $0.36 per diluted share a year ago. Net cash provided by operating activities was $157,969,000 against $90,828,000 a year ago. Natural gas plant capital expenditures were $271,000 against $3,987,000 a year ago. Additions to property and equipment - non oil and gas were $3,989,000 against $2,626,000 a year ago. Adjusted net income was $18,949,000 or $0.48 per dilute share against $10,802,000 or $0.27 per dilute share a year ago. Adjusted EBITDAX was $94,459,000 against $53,931,000 a year ago. For the quarter, the company achieved an average production rate of 22,849 Boe/d, comprised of 66% crude oil, 4% NGLs, and 30% natural gas. The company updated its 2014 annual guidance to incorporate the acquisition of approximately 34,000 net acres in the Wattenberg Field and its associated production. Average production to be 23,200 Boe/d to 25,200 Boe/d. Capital expenditures to be $575 million to $625 million. The company has adjusted its forecast for production taxes for 2014 from 6.5% to 7.0% of pre-hedge revenue to a range of 9.5% to 10.0% as a result of a loss of ad valorem tax credits related to low rate vertical well production.

Bonanza Creek Energy, Inc. Presents at Johnson Rice 2014 Energy Conference, Sep-30-2014 04:35 PM

Bonanza Creek Energy, Inc. Presents at Johnson Rice 2014 Energy Conference, Sep-30-2014 04:35 PM. Venue: Hotel Monteleone, 214 Royal Street, New Orleans, LA 70130, United States.

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