BCEI is a low-debt, low-cost, oily, DJ Basin hydrocarbon producer 7/20 preannounced volumes above consensus When CVX took out NBL, BCEI's adjacent acreage was validated BCEI plans to exit 2020 with zero balance on revolver. IMO, this is a sign of exceptional management BCEI trades at a Colorado discount to Texas producers, primarily because the electorate of Colorado agitates for anti-fracking initiatives.