Bonanza Creek Energy (BCEI) Misses Q4 EPS Loss Views

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Bonanza Creek Energy Announces Fourth Quarter and Full Year 2015 Financial and Operating Results

February 29, 2016 4:32 PM EST

Fourth quarter sales volumes averaged 28.6 MBoe per day, compared to guidance midpoint of 27.8 MBoe per day2015 proved reserves of 101.3 MMBoe, 57% oil, and 51% proved developed; all-in reserve replacement of 216%; 26% increase to Wattenberg PDP year over yearAdjusted EBITDAX(1) of $67.1 million; adjusted net loss(1) of $8.4 million, or $0.17 per diluted shareFourth quarter CAPEX of $31 million, full year CAPEX of $404 million, below guidance midpoint of $420 millionThe Company is re-marketing its Rocky Mountain Infrastructure ("RMI") assets as its previously announced transaction with Meritage Midstream did not close

(1) Non-GAAP measure, see attached Reconciliation Schedules.

DENVER, Feb. 29, 2016... More