 DENVER, July 22, 2020 GLOBE NEWSWIRE -- Bonanza Creek Energy, Inc. NYSE: BCEI Bonanza Creek or the Company today issued preliminary second quarter 2020 results, and announced the date of its second quarter 2020 earnings release and conference call.Highlights include: Second quarter 2020 estimated average sales volumes of 24.9 thousand barrels of oil equivalent per day MBoed, with oil representing 56 of total volumes Total second quarter 2020 capital expenditures of approximately 22 million, in line with expectations for the year Lease operating expenses LOE for the quarter are expected to be 2.56 per boe, up less than 2 from first quarter 2020, and down 13 from full year 2019 Recurring cash general and administrative GA expenses, which excludes stock-based compensation and cash severance costs, are expected to be 2.72 per boe, down 21 from first quarter 2020, and down 27 from full year 2019 Rocky Mountain Infrastructure RMI net effective cost of 0.97 per boe, which is comprised of approximately 1.48 per boe of midstream operating expense offset by 0.51 per boe of RMI operating revenue from working interest partners The Company exited the quarter with over 206 million of liquidity, 58 million outstanding on its credit facility, and cash of approximately 4 millionEric Greager, President and Chief Executive Officer of Bonanza Creek, commented, Were pleased with the solid second quarter results, with average sales volumes holding flat to 1Q, and year-to-date capex in line with our plan and our annual guidance range. The natural pace in which we have turned wells to sales has allowed us to deliver a flat production profile over the last five quarters, with consistently improving capital efficiency and lower costs. Well continue to focus on delivering efficient, low cost production, and were pleased to reiterate our plan to exit 2020 with an undrawn credit facility. We look forward to providing additional color on the second half of 2020 with our earnings release in a few weeks.Upcoming EventsThe Company announced that it is scheduled to release its second quarter 2020 operating and financial results after market close on August 6, 2020 and will host a conference call to discuss these results the following morning, on Friday August 7, at 9:00 a.m. Mountain Time 11:00 a.m. Eastern Time. A live webcast and replay of this event will be available on the Investor Relations section of the Companys website at Dial-in information for the conference call is included below. TypePhone NumberPasscode Live participant877-793-43621593535 Replay855-859-20561593535 About Bonanza Creek Energy, Inc.Bonanza Creek Energy, Inc. is an independent oil and natural gas company engaged in the acquisition, exploration, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region of the United States. The Companys assets and operations are concentrated in rural, unincorporated Weld County within the Wattenberg Field, focused on the Niobrara and Codell formations. The Companys common shares are listed for trading on the NYSE under the symbol: BCEI. For more information about the Company, please visit Please note that the Company routinely posts important information about the Company under the Investor Relations section of its website.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Company based on managements experience, perception of historical trends and technical analyses, current conditions, anticipated future developments and other factors believed to be appropriate and reasonable by management. When used in this press release, the words will, potential, believe, estimate, intend, expect, may, should, anticipate, could, plan, predict, project, profile, model or their negatives, other similar expressions or the statements that include those words, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements include statements regarding development and completion expectations and strategy; decreasing operating and capital costs; impact of the Companys reorganization; and 2020 guidance. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, that may cause actual results to differ materially from those implied or expressed by the forward-looking statements, including the following: changes in natural gas, oil and NGL prices; general economic conditions, including the performance of financial markets and interest rates; drilling results; shortages of oilfield equipment, services and personnel; operating risks such as unexpected drilling conditions; ability to acquire adequate supplies of water; risks related to derivative instruments; access to adequate gathering systems and pipeline take-away capacity; and pipeline and refining capacity constraints. Further information on such assumptions, risks and uncertainties is available in the Companys SEC filings. We refer you to the discussion of risk factors in our Annual Report on Form 10-K for the year ended December 31, 2019, filed on February 28, 2020, our Quarterly Report on Form 10-Q for the first quarter of 2020, filed on May 8, 2020, and other filings submitted by us to the Securities Exchange Commission. The Companys SEC filings are available on the Companys website at and on the SECs website at All of the forward-looking statements made in this press release are qualified by these cautionary statements. Any forward-looking statement speaks only as of the date on which such statement is made, including guidance, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.For further information, please contact: Scott Landreth Senior Director, Finance Investor Relations and Treasurer 720-225-6679 