Bonanza Creek Energy, Inc. Announces Operational Update for the Fourth Quarter of 2017; Provides Production Guidance for First Quarter of 2018; Provides Production and Earnings Guidance for the Full Year 2018
For the first quarter ending March 31, 2018, the company expects production of 16.0 MBoe/d to 16.6 MBoe/d.
For the full year ending December 31, 2018, the company expects production of 17.7 MBoe/d to 18.7 MBoe/d. LOE is expected at $5 per BOE to $6 per BOE. Production taxes are expected at 7% to 8%. Total CAPEX is expected $208 million to $320 million.