Bonanza Creek Provides Update on Operations in the Wattenberg Field

Bonanza Creek Energy, Inc. BCEI reported today on the impacts that the severe flooding in northern Colorado has had on its operations. After a thorough safety and environmental assessment, including the physical inspection of approximately 95% of its operated wells and an assessment from the air or close proximity of its remaining wells, the Company reported no incidents. The Company did, however, proactively shut-in 13 horizontal wells and 26 vertical wells over the weekend for precautionary reasons. The Company is in the process of returning the last six horizontal wells to sales and experienced minimal disruption to production volumes. While the Company experienced slight delays in drilling and completion operations, the Company does not expect any material impact to its 2013 scheduled operations. "We were fortunate to have had limited exposure to the devastating effects of the flooding that impacted Colorado this past week," said Tony Buchanon, Chief Operating Officer of Bonanza Creek. "We want to thank our operations teams for their professionalism and are grateful for their efforts to ensure that best practices for safety and environmental protection were followed on our properties. These floods have had a terrible impact on many Colorado communities, and we are actively supporting relief See full press release