Wattenberg Field, Colorado
Our operations are focused on the Wattenberg Field. Each well we drill in the Wattenberg is now drilled horizontally. Every well we drill is fracture stimulated. Our strategy for creating shareholder value is primarily to grow organically by applying advanced technology to more efficiently and responsibly extract oil and natural gas resources.
Located in Colorado’s DJ Basin, the Wattenberg Field, discovered in 1970, was historically a major gas field. It produced over 4.0 trillion cubic feet (TCF) of natural gas from the J Sands, Codell, and Niobrara formations from nearly 20,000 wells.
- Contiguous Acreage Position With High Working Interest
- Substantial Upside Potential With Known Catalysts
- High Oil & Liquids Content
Since 2009, when horizontal drilling and multi-stage fracture stimulation were applied to this area, the Niobrara has emerged as another major crude oil and natural gas liquids-rich resource play. Bonanza Creek is located in the oil-weighted “extension area” of the Wattenberg Field with a consolidated position prospective for all benches of the Niobrara. The Codell formation, though present across our acreage, thins to the east and is currently being developed on the western half of our position.
We are fully developing the Niobrara B Bench, the Niobrara C Bench, and the Codell formation using 4,000 foot horizontal wells. We also are applying extended reach laterals and downspacing concepts to maximize the recovery of the original oil in place.
Our Strategy For Creating Shareholder Value Is Primarily To Grow Organically By Applying Advanced Technology To More Efficiently And Responsibly Extract Oil And Natural Gas Resources.