Benzinga | Apr 5, 2021 04:08PM EDT

Bonanza Creek Energy Sees Total 2021 Annual Capital Expenditures Are Expected To Be Between $150M-$170M; Expect To Generate Over $150M Of Full Year 2021 Estimated Levered Free Cash Flow At Current Strip Pricing

* Total 2021 annual capital expenditures are expected to be between $150 and $170 million

* 2Q - 4Q 2021 production guidance of 40.0 to 44.0 thousand barrels of oil equivalent per day ("MBoe/d")

* Full year pro forma 2021 estimated production of approximately 42.0 MBoe/d(1)

* 2Q - 4Q 2021 oil production guidance of 48% to 52% of BOE volumes

* Leverage ratio at closing of approximately 0.5x (pro forma net debt / pro forma LTM EBITDAX)

* Expect to generate over $150 million of full year 2021 estimated levered free cash flow at current strip pricing(2)