Richard Carty, President and Chief Executive Officer of Bonanza Creek Energy, Inc. (NYSE: BCEI), presented today at EnerComs’ The Oil & Gas Conference® 20.
Bonanza Creek Energy, Inc. is an independent oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s assets and operations are concentrated primarily in the Rocky Mountains in the Wattenberg Field, focused on the Niobrara and Codell formations, and in southern Arkansas, focused on oily Cotton Valley sands.
The company set a record in estimated sales volumes for the first 20 days of July and is seeking partners to accelerate its midstream subsidiary in the Rocky Mountains. Liquidity as of Q2’15 was nearly $500 million.
During the company’s breakout session, management was asked the following questions:
- Can you elaborate on your near term reduction in capital?
- Can you give us a greater idea of the recipe you use on your extended laterals?
- Is 25 the optimal number of frac stages?
- Would you say you are transitioning from gel to slickwater completions?
- How do you believe your lower capex will factor into your redetermination?
- What’s your take on the narrowing differentials in the DJ?
- Can you talk about the well results on the northern side of your acreage?
- What do you think of your stock performance relative to the sector?
- Are you confident in your guidance?
- How much of your capital do you allocate to your leasehold?
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