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Home My WebLink About20140651.tiff BONANZA CREEK ENERGY, INC. CHECK NO. 5 9 3 6 410 17TH STREET,SUITE 1400 • DENVER,CO 80202 • (720)440-6100 &&4099_n_17000wner: 1041 WELD COUNTY BOARD OF Control no. 61826 * * * Please refer to your owner number when writing ' * * Check date: 02/27/14 PROPERTY # I PROPERTY NAME I ST I COUNTY I OPERATOR NAME I P I I I I I I I I OWNER I I OWNER I I I OWNER SALE I R I BBL/ I BTU/ I I GROSS I NET I DECIMAL IENTI GROSS ITAX I STATE I OED I I NET MO YRI D I MCF I GRAV I PRICEI VALUE I VALUE I INTEREST ITYPI VALUE ICODEI TAX I CODE IDEDUCTIONSI VALUE C0001074 PRONGHORN 41-11-9HZ CO Weld Bonanza Creek Energy Operating 12/13 G 2494.00 1415 6.83 17045.71 15520.00 0.03125000 RI 532.67 532.67 01/14 0 1051.15 37.90 80.59 84714.68 75482.64 0.03125000 RI 2647.32 2647.32 C0001081 PRONGHORN 31-34-15HZ CO Weld Bonanza Creek Energy Operating 12/13 G 2692.00 1289 5.36 14415.82 13131.43 0.06250000 RI 900.98 900.98 01/14 0 1124.14 37.90 80.59 90597.12 80724.02 0.06250000 RI 5662.32 5662.32 C0001091 PRONGHORN F-S-15HNB CO Weld BONANZA CREEK ENERGY INC 12/13 G 3255.00 1363 6.24 20295.72 18483.31 0.06250000 RI 1268.48 ADV 83.44 MKT 16.27 1155.21 CT 0.88 SEV 12.68 12/13 0 192.97 37.70 80.89 15610.17 14416.33 0.06250000 RI 975.64 ADV 64.16 901.04 CT 0.68 SEV 9.76 12/13 0 -193.39 37.70 80.89 -15644.15 -14447.72 0.06250000 RI -971.76 ADV -64.31 -902.99 CT -0.68 SEV -9.78 01/14 0 1385.34 37.70 79.29 109839.04 97869.00 0.06250000 RI 6864.94 ADV 451.58 6339.90 CT 4.82 SEV 68.64 C0001098 PRONGHORN P-T-22HNB CO Weld BONANZA CREEK ENERGY INC 12/13 0 7690.00 1265 5.04 38785.89 35327.34 0.09937500 RI 3854.35 3854.35 01/14 0 2578.04 38.80 79.29 204404.28 182128.72 0.09937500 RI 20312.68 20312.68 ** Additional detail attached ** Total of this check 1533777.77 1370991.04 91389.90 1907.98 60.46 89421.46 Year to date 390016.61 4422.18 134.10 385460.33 Tax and deduction codes: MKT Marketing ADV Ad Valorem Tax CT Conservation Tax SEV Severance Tax 004099_n_100% RECEIVED FEB 2 8 2014 2014-0651 WELD COUNTY kW&L-4/1g14-51 COMMISSIONERS ) Sa1eguani LIMO LCA 11/19 YI0SEB09768M REORDER FROM YOUR LOCAL SAFEGUARD DISTRIBUTOR AT 661-872.2493 BONANZA CREEK ENERGY INC 410 17TH STREET SUITE 1400 DENVER, CO 80202 Owner no. 1041 Control K: 61826 WELD COUNTY BOARD OF Check date: 02/27/14 Tax id: On file Page: 2 PROPERTY k I PROPERTY NAME I ST j COUNTY I OPERATOR NAME I P I I I I I I I I OWNER I I OWNER I I I OWNER SALE I R I BBL/ I BTU/ I I GROSS I NET I DECIMAL IINTI GROSS ITAX I STATE I DED I I NET MO YRI D I MCF I GRAV I PRICEI VALUE I VALUE I INTEREST ITYPI VALUE ICODEI TAX I CODE IDEDUCTIONSI VALUE C0001105 PRONGHORN T-P-4HNB CO Weld BONANZA CREEK ENERGY INC 09/13 G -6400.00 1312 5.51 -35233.42 -31882.99 0.04998746 RI -1761.23 ADV -115.85 MKT -32.79 -1593.75 CT -1.23 SEV -17.61 09/13 G 6400.00 1312 5.66 36194.96 32692.49 0.04998746 RI 1809.29 ADV 119.01 MKT 36.71 1634.21 CT 1.27 SEV 18.09 12/13 G 6341.00 1312 5.65 35800.40 32613.55 0.04998746 RI 1789.57 ADV 117.71 MKT 22.44 1630.27 CT 1.25 SEV 17.90 01/14 0 74.93 38.10 80.59 6038.91 5380.80 0.04998746 RI 301.87 ADV 19.86 278.78 CT 0.21 SEV 3.02 01/14 0 980.20 38.10 79.29 77716.82 69247.39 0.04998746 RI 3884.87 ADV 255.54 3587.76 CT 2.72 SEV 38.85 C0007041 NORTH PLATTE 34-34 CO Weld Bonanza Creek Energy Operating 12/13 G 150.93 1330 6.46 974.50 899.97 0.07814620 RI 76.16 76.16 01/14 0 182.00 43.80 80.59 14667.81 13069.34 0.07814620 RI 1146.23 1146.23 C0007043 NORTH PLATTE 42-34 CO Weld Bonanza Creek Energy Operating 12/13 G 20.20 1253 4.70 94.88 86.40 0.00381490 RI 0.36 0.36 01/14 0 365.26 43.70 80.59 29437.17 26229.16 0.00381490 RI 112.30 112.30 C0007054 NORTH PLATTE 31-34 CO Weld Bonanza Creek Energy Operating 01/14 0 387.94 42.70 8C.59 31265.01 27857.81 0.20000000 RI 6253.00 6253.00 C0007063 NORTH PLATTE 41-34 CO Weld Bonanza Creek Energy Operating 01/14 0 238.27 42.70 80.59 19202.75 17110.07 0.20000000 RI 3840.55 3840.55 C0007121 NORTH PLATTE 33-34 CO weld Bonanza Creek Energy Operating 12/13 G 150.93 1330 6.46 974.50 899.97 0.07814620 RI 76.16 76.16 01/14 0 182.00 43.80 80.59 14667.81 13069.34 0.07814620 RI 1146.23 1146.23 CO007123 NORTH PLATTE 32-34 CO Weld Bonanza Creek Energy Operating 01/14 0 390.62 42.70 80.59 31481.00 28050.26 0.20000000 RI 6296.20 6296.20 CO007209 NORTH PLATTE X-D-35HZ CO Weld Bonanza Creek Energy Operating 12/13 G 3086.79 1321 5.71 17612.57 16041.24 0.00024750 RI 4.36 4.36 01/14 0 1467.26 42.70 80.59 118249.98 105363.34 0.00024750 RI 29.27 29.27 C0007210 NORTH PLATTE P-T-34HZ CO Weld Bonanza Creek Energy Operating 12/13 G 5822.67 1253 4.70 27338.91 24895.98 0.07814620 RI 2136.43 2136.43 01/14 0 1812.38 44.50 80.59 146064.02 130146.26 0.07814620 RI 11414.35 11414.35 WELD COUNTY BOARD OF COMMISSIONERS P 0 BOX 758 GREELEY, CO 80632-0758 BONANZA CREEK ENERGY INC 410 17TH STREET SUITE 1400 DENVER, CO 80202 Owner no. 1041 Control 4: 61826 WELD COUNTY BOARD OF Check date: 02/27/14 Tax id: On file Page: 3 PROPERTY k I PROPERTY NAME I ST I COUNTY I OPERATOR NAME P I I I I I I I I OWNER I I OWNER I I I OWNER SALE I R I BBL/ I BTU/ I I GROSS I NET I DECIMAL IINTl GROSS ITAX I STATE I DED I INET MO YRI D I MCF I GRAV I PRICEI VALUE I VALUE I INTEREST ITYPI VALUE ICODEI TAX I CODE IDEDUCTIONSI VALUE C0007296 NORTH PLATTE U-Y-34HNB CO Weld Bonanza Creek Energy Operating 12/13 G 10412.13 1253 4.70 48889.78 44521.13 0.02831401 RI 1384.27 ADV 91.05 MKT 17.83 1260.58 CT 0.97 SEV 13.84 01/14 0 4122.91 44.80 80.59 332275.13 296064.46 0.02831401 RI 9408.04 ADV 618.84 8688.53 CT 6.59 SEV 94.08 WELD COUNTY BOARD OF COMMISSIONERS P 0 BOX 758 GREELEY, CO 80632-0758 410 r Street, Suite 1400 BonAnZA Denver, CO 80202 (720;440-6100 phone 305-0804 f C R E E H0 z February 24, 2014 rson.��,�,, TO: ALL Interest Owners FROM: Bonanza Creek Energy, Inc. RE: New policy pursuant to Colorado Revised Statute § 34-60-118.5 PLEASE NOTE: New policy effective April 1,2014 As you know, Bonanza Creek Energy, Inc. ("BCEI") is now a publicly traded independent exploration and production company focused on drilling and producing oil and natural gas in the United States, specifically in the state of Colorado. As BCEI increases its operations in Colorado, we are continually adjusting our internal processes and procedures to better serve you as our customer. To that end, the purpose of this letter is to provide you—as a recipient of proceeds from BCEI production in the state of Colorado — with notice of a change from our current policy of distributing revenue in the same month payment is received from purchasers to a policy in line with standard industry practices and Colorado law. Beginning April 1, 2014, BCEI will be changing its policy to align with Colorado Revised Statute § 34-60-118.5(2)(a) which states that persons legally entitled to the proceeds from the sale of oil or gas production shall be paid "commencing not later than six months after the end of the month in which production is first sold" and "thereafter, such payments shall be made on a monthly basis not later than sixty days for oil and ninety days for gas and associated products following the end of the calendar month in which subsequent production is sold." Adapting our internal policy to align with this statute will assist us in our commitment to provide you with excellent service and accurate payments. BCEI's new policy will be as follows: "BCEI agrees to pay the persons legally entitled to the proceeds from the sale of oil and/or gas production from any oil and/or gas wells that BCEI operates: (1) no later than six (6) months after the date of first sale and (2)(a) no later than sixty (60) days after the end of the calendar month within which subsequent oil production is sold, and (b) no later than ninety (90) days after the end of the calendar month within which subsequent gas production is sold." Bonanza will continue to strive to pay all eligible production proceeds within the sixty day timeframe; meaning oil and/or gas sold in April, 2014 would be received by the end of June, 2014. However, to better facilitate our commitment of service, BCEI's new policy will align with Colorado Revised Statute § 34-60-118.5(2)(a). Please note, pursuant to Colorado Revised Statute § 34-60-118.5, BCEI is exempt from making payment within the time frame specified above, if the following apply: (1) "Payments may be made annually if the aggregate sum due a payee for twelve consecutive months is one hundred dollars or less." CORPORATE OFFI(P 4101 A Street.Suite 1400 Denser,CO 80202 Office: (720)440-6100 (2) "A failure or delay by the payee to confirm in writing the payee's fractional interest in the proceeds after a reasonable request in writing by the payer for such confirmation." (3) "A reasonable doubt by the payer as to the payee's identity, whereabouts, or clear title to an interest in proceeds." (4) "Litigation that would affect the distribution of payments to a payee." BCEI appreciates your patience, and apologizes for any inconvenience created by the implementation of this new policy. However, we have great expectations that this new policy will be beneficial to all of our customers as we work to continually improve our services. If you have any questions about this policy change, please feel free to contact Land Administration at (720) 440-6193. Page 2 Hello