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December 7, 2021

DJ Basin Unconventional (Bonanza Creek Energy, Inc.) CO Unconventional Oil Field, US

By Carmen

DJ Basin Unconventional (Bonanza Creek Energy, Inc.) CO is a producing unconventional oil field located onshore the US and is operated by Civitas Resources.

Field participation details

The field is owned by Civitas Resources.


Production from DJ Basin Unconventional (Bonanza Creek Energy, Inc.) CO

The DJ Basin Unconventional (Bonanza Creek Energy, Inc.) CO unconventional oil field recovered 32.29% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 17.11 thousand bpd of crude oil and condensate, 48 Mmcfd of natural gas and 6.34 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2041.


Remaining recoverable reserves

The field is expected to recover 136.09 Mmboe, comprised of 79.09 Mmbbl of crude oil & condensate, 197.67 bcf of natural gas reserves and 24.06 Mmbbl of natural gas liquid reserves. DJ Basin Unconventional (Bonanza Creek Energy, Inc.) CO unconventional oil field reserves accounts 0.15% of total remaining reserves of producing unconventional oil fields globally.


About Civitas Resources

Civitas Resources Inc (Civitas Resources), formerly Bonanza Creek Energy Inc is an exploration and production company, engaged in the acquisition, extraction and development of oil and related liquids which are rich in natural gas. It extracts minerals using horizontal drilling and hydraulic fracturing. The company uses horizontal drilling methods for exploration and production of oil and natural gas and hydraulic fracturing to crack rock formation. Bonanza Creek is developing the Niobrara B Bench, the Niobrara C Bench, and the Codell formation in wattenberg field. It has assets and operations in Wattenberg Field, Colorado. Bonanza Creek is headquartered in Denver, Colorado, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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