Bonanza Creek Energy, Inc. announced operational update for the fourth quarter of 2017. For the quarter, the company produced an average of 14.8 MBoe per day, exceeding the high-end of the company's previous guidance of 14.2 MBoe per day. This outperformance is primarily attributed to lower line pressures in the company's Rocky Mountain Infrastructure system and better than expected performance from wells utilizing enhanced completion designs.

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.