Bonanza Creek Energy (BCEI +8.6%) plans to spend $394M in 2013 to achieve average annual...

|About: Bonanza Creek Energy (BCEI)|By:, SA News Editor

Bonanza Creek Energy (BCEI +8.6%) plans to spend $394M in 2013 to achieve average annual production of 14,500-16,000 boe/day, exceeding prior estimates. BCEI also ramps up its rig count in the Wattenberg field from two to four by early Q2 2013.