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Bonanza Creek Energy, Inc. Message Board

g8trgr8t 175 posts  |  Last Activity: 17 hours ago Member since: Feb 9, 2011
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  • g8trgr8t g8trgr8t Aug 1, 2014 12:33 PM Flag

    sector wide numbnuts

  • g8trgr8t by g8trgr8t Jun 2, 2014 12:47 PM Flag

    Sounds like the author is short the stock and the fundamentals are not of substance. Made lots of negative assumptions ( average 8 wells per dsu, average EUR of 500, average wti price $85, etc) with multiple general negative remarks with no scientific support to back up his claims. Sad that SA even allowed it to be published.

  • both flowing over 6000 boepd in two separate layers of the three forks.

    those are record setters. and done with 30 stage plug and perf so thee is stil more upside to come.

  • The record 93 stage frac job was for WLL. I hope they provide some prelim results on this well and some type curves on the 60 stage coiled tube they did.

  • take it fwiw

    reading between some lines it would appear that WLL has been working on controlling the frac to keep the burst more localized around the bore. One possible way to do this may be by shortening the length of each frac stage. this next evolutionary step that may be undergoing testing would involve 60 - 80 stages in a single bore. By keeping the length of the frac down, the bores can be kept closer together to help with the downspacing. All this leads to a greater percent recoverable of total resource. Now we recover 8% +/-. What happens to stock price when we can recover 15%. So much value left to be unlocked.

    Combine the 60 stage frac with the higher volume of proppant per lf of well bore and the per well production may see substantial increase of production while allowing for tighter spacing without communication. technical challenges included frac isolation control and moving larger volumes of proppant to the tail of the well. nothing that cannot be overcome.

  • Reply to

    Coiled Tube Completions

    by g8trgr8t Jul 17, 2014 12:17 PM
    g8trgr8t g8trgr8t Jul 17, 2014 1:30 PM Flag

    still in the 3rd inning of a 9 inning game. trying a mix of plug and perf and slickwater mixture for the tail stages to overcome challenges associated with moving proppant through really long tubes but the completion techniques are due for a big leap forward soon.

    next huge will be Red River.

    then strippers to take liquids off so light sweet can be exported and liquids sent to Canad to help dilute their WCS for shipment.

    then recompletions to go back and fix all those wells that were done with relatively primitive techniques but all the infrastructure is in place. imagine a $2M frac job tuning a 350 eur well into a 650 eur well with no additional infrastructure expense.

    patience will be rewarded. generational wealth will be created. I just wish I was a patient person

  • Reply to

    Proof Navy is a liar.

    by takithom Aug 14, 2014 11:26 AM
    g8trgr8t g8trgr8t Aug 15, 2014 10:17 AM Flag

    please don't feed the trolls. just use the ignore button

  • Reply to

    SA Hit Piece

    by g8trgr8t Jun 2, 2014 12:47 PM
    g8trgr8t g8trgr8t Jun 2, 2014 12:54 PM Flag

    sorry but only a fool unwilling or unable to conduct their own DD would base their investment decisions on such a poorly supported article

  • Reply to

    Koala acreage

    by tarponman61 Jul 30, 2014 5:19 PM
    g8trgr8t g8trgr8t Jul 30, 2014 5:32 PM Flag

    makes you wonder what kog would have been worth with wll completion techniques

  • Reply to

    Looks like a bottom

    by fred_red_oak Jul 29, 2014 3:08 PM
    g8trgr8t g8trgr8t Jul 29, 2014 6:15 PM Flag

    don't sell any calls. fools bet right now. cc is going to be good.

  • Reply to

    Record 93 Stage Coiled Tube Completion

    by g8trgr8t Jul 30, 2014 5:37 PM
    g8trgr8t g8trgr8t Aug 6, 2014 5:14 PM Flag

    The 93 stage well was discussed in the most recent WLL CC and on the NRC Energy website release. The 50 stage well was discussed on the previous CC. They did a test set of wells side by side. standard well produced x bopd, extra proppant well produces 1.4x bopd , 60 stage well produced 1.7x bopd

  • Reply to

    is the sum worth more than the parts?

    by winallin12 Jul 13, 2014 9:59 PM
    g8trgr8t g8trgr8t Jul 13, 2014 10:46 PM Flag

    as a candidate for Statoil or Exxon or Conoco to buy yes. It offers diversity and scale sufficient to help move the needle for a major. WLL DJ basin land is going to be real good.

    As a stand alone company I would still have to say yes. WLL is a multiple basin play with scale to demand premiums on services and transportation contracts as well as get good hedging contracts because they can deliver volume to multiple areas. Their new well completions are yielding EUR's better than KOG so I think their willingness to be more creative with their techniques will help book higher reserves for KOG land.

    I still have a hard time thinking STA or XOM or CLR won't come along with a better offer but I felt the same way when BEXP sold. Although I think this may not be a bad thing in the long run, this price still burns so I am trying to think what WLL will be worth when they beat on earnings again. Their new well deisgns helped them beat last quarter even with the weather. I am equal weight both right now so it is more of my total than I would like but will hold through next WLL earnings before repositioning.

  • Reply to

    Do nothing GOP

    by durrett.scott Aug 4, 2014 6:12 PM
    g8trgr8t g8trgr8t Aug 4, 2014 11:02 PM Flag

    Reid would never let it come to a vote

  • g8trgr8t by g8trgr8t Aug 5, 2014 6:39 PM Flag

    mentions their success with slickwater wells in Montana. Man I hope TPLM is listening and drilling to prove up some Montana land. That would really move the needle if TPLM could get some value for their Montana property.

  • Reply to

    Coiled Tube Completions

    by g8trgr8t Jul 17, 2014 12:17 PM
    g8trgr8t g8trgr8t Jul 18, 2014 11:36 AM Flag

    Looking at Slide 8, at our Skov 3128 unit in Missouri Breaks, we drilled 3 new Bakken wells in order to compare 3 different completion designs. These wells included new coiled tubing unit conveyed completion method that delivered very strong initial results. The original well in the unit, the Skov 31-28-1H was completed using the older sleeve technology on May 31, 2013, and flowed 927 BOEs per day.

    On April 2, 2014, we completed 2 new wells in the unit using our cemented liner with an increased number of entry points. These wells, the Skov 31-28-2H and the Skov 31-28-4H flowed at increased rates of 1,072 BOEs per day and 1,219 BOEs per day, respectively. Then on April 1, 2014, we completed the Skov 31-28-3H, with the new coiled tubing fracture stimulation method. This well flowed at an even higher 1,607 BOEs per day, 73% higher than the initial well in the unit and 40% higher than the 2 cemented liner wells. This new completion design better isolates the perforations to more effectively fracture the reservoir. Costs are comparable, because there are no plugs to drill out.

    Raymond James & Associates, Inc., Research Division
    I want to talk a little bit more about this latest completion design on the coiled tubing conveyed frac. How much -- how many more of these do you have planned to do? And how many would you need to see before you'd be convinced that this is the way to go, instead of the previous technique you'd been using?
    James J. Volker - Chairman, Chief Executive Officer and Director of Whiting Oil & Gas Corporation
    I'll mentioned that to Mark Williams. This was really an experiment, and it's still fairly early. One point, I think, that's important to make, we're really impressed by the results of the cemented -- or the coiled tubing conveyed technique that you see there on Page 8. The other ones still believe are very valid, are plug and perf with 3 and 5 perf clusters per stage. It looks like the 5 are a little bit better. We do think that, because this is early, those 2 wells did not have the benefit of having the frac plugs cleaned out. So we think that those are also probably under-reported on this slide a little bit. It's just very early. Nevertheless, the coiled tubing conveyed is clearly a big step forward for us. And there's a couple of kinks we've got to work out here. Currently, we have to do a combination of both the coiled tubing conveyed in the [indiscernible] well, just over [ph] 2,000 feet of the wellbore are conventional plug and perf with 3 perf clusters per stage. We can't get the coil all the way out in there. So there's a couple of things we still got to -- a couple of bugs we still got work. Ultimately, we think the cost is going to come down a little bit. But I will say, John, that I think this is going to be widely applicable to us. We're trying one right now at Redtail. They will have actually 80 stages in it. This one was 60. And we've already seen good results in Sanish using this. We've done 2 wells at Sanish, and we're going to be trying it in a number of our other Williston properties. So I really can't see any reason why this wouldn't be very widely applicable. It really allows us to get more entry points in all these tight rocks.
    John Freeman - Raymond James & Associates, Inc., Research Division
    And is there -- was there somebody else in the industry that was already doing this and we just hadn't heard about it yet? How did you all run across this technique?
    James J. Volker - Chairman, Chief Executive Officer and Director of Whiting Oil & Gas Corporation
    I think the main thing there is we've been on a hunt to find technologies that can get us more entry points -- more reliable entry points. With the open annualist [ph] technique that we've had before, that just wasn't there. And so we've made incremental changes. Jim Brown was the one, I think, that originally found this. So we've all been working really hard to try and come up with different techniques that will allow us more entry points. And this one really answered that call for us.

  • Reply to

    Terrible news

    by nj_kan Jul 14, 2014 10:47 AM
    g8trgr8t g8trgr8t Jul 14, 2014 12:14 PM Flag

    as long as that chicken is #$%$ eggs that cars and busses and planes and trains run on I am ok

  • g8trgr8t g8trgr8t Jul 13, 2014 11:28 PM Flag

    you need to get out of this game is that is your opinion. apparently you don't understand the big picture.

  • g8trgr8t g8trgr8t Jul 30, 2014 10:01 AM Flag

    wll wells are outperforming in bakken and dj basin. that is how they beat last time and the outperformance of old numbers continues to grow. wll will beat on production and I believe that will show through to eps. cc will be what moves the stock when well production volumes of last quarter tests are released. NCS Energy did a 92 stage frac in bakken and a 90 stage frac in Eagleford for somebody and I suspect it was WLL.

    It is the same coiled tube tech that wll discussed at their last call when they showed results of a 60 stage frac as being 70% better than offset traditional design and 40% better than increased proppant design.

    If those two NRC completions were done for WLL I am sure they will be discussing them in their cc and I suspect the results are going to be surprising. Further discussions about applications for recompletions will only drive the pps.

  • Reply to

    Proud to climb aboard the WLL ship.

    by welbie100 Jul 13, 2014 10:09 PM
    g8trgr8t g8trgr8t Jul 13, 2014 11:21 PM Flag

    wll currently trading at 78.5 price targets average 95. I expect WLL to beat that by spring

  • Reply to

    Cleaning up the books

    by g8trgr8t Jul 9, 2014 9:55 AM
    g8trgr8t g8trgr8t Jul 9, 2014 2:27 PM Flag

    crazy to sell equity when you canplace debt at good rates. Cashflow from Rockport and Caliber help secure favorable rates/terms. Management is what is making this company, lot of good moves, still need to tune up their completion designs and get their EUR's up.

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