Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc. today announced the closing of their merger and subsequent acquisition of Crestone Peak Resources. The transactions were overwhelmingly approved, with over 99.9% of the votes cast by Bonanza Creek stockholders and over 99.9% of the votes cast by Extraction stockholders voting in favor. The [...]
Bonanza Creek Energy Inc. today announced its third quarter 2021 financial results. Highlights include: Average sales volumes for the third quarter of 43.7 thousand barrels of oil equivalent per day with oil representing 51% of total volumes Total capital expenditures of $54.8 million for the third quarter Lease operating expense of $2.87 per Boe [...]
Bonanza Creek Energy Inc. announced today that it has priced a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended of $400.0 million in aggregate principal amount of new 5.000% senior notes due 2026 at par. The Offering is expected to close on or around October 13, 2021, subject to the [...]
Bonanza Creek Energy Inc. announced today that, subject to market conditions, it intends to offer $400 million in aggregate principal amount of senior unsecured notes due 2026 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended . Bonanza Creek expects to use the net proceeds from [...]
Bonanza Creek Energy Inc. today announced its second quarter 2021 financial results. The Company has also posted an updated investor presentation to its website. Highlights include: Paid first-ever quarterly dividend of $0.35 per share in June, representing a 3.7% annual dividend yield based on Bonanza Creek's August 6, 2021 closing stock price [...]
Bonanza Creek Energy Inc. today announced that it is scheduled to release its second quarter 2021 operating and financial results after market close on August 9, 2021. The company will host a conference call to discuss these results the following morning, Tuesday, August 10, at 9:00 a.m. Mountain Time. A live webcast and replay of this event will [...]
Civitas Resources Inc. that will be formed upon closing of the recently-announced merger of Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc., today announced that it has materially advanced its consolidation strategy in the Denver-Julesburg Basin by entering into a definitive agreement to acquire Crestone Peak Resources, another leading [...]
Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc., today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals. The combined company, to be named Civitas Resources, will be the largest pure-play energy producer in Colorado's Denver-Julesburg Basin, with an aggregate enterprise value of [...]
Bonanza Creek Energy Inc. today announced its first quarter 2021 financial results, announced a fixed per share dividend, and the formation of an ESG Committee of the Board. The Company has also posted an updated investor presentation to its website. Highlights include: Initiating an annual cash dividend of $1.40 per share to be payable quarterly [...]
Bonanza Creek Energy Inc. today announced that it is scheduled to release its first quarter 2021 operating and financial results after market close on May 3, 2021. The company will host a conference call to discuss these results the following morning, Tuesday, May 4, at 9:00 a.m. Mountain Time . A live webcast and replay of this event will be [...]
Bonanza Creek Energy Inc. today announced 2021 guidance, and has posted an updated investor presentation to its website. Highlights Include: 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 Full year pro forma 2021 [...]
Bonanza Creek Energy Inc. today announced the successful completion of its merger with HighPoint Resources Corp. The transaction was unanimously approved by the board of directors of each company, and was previously approved by Bonanza Creek stockholders and HighPoint stockholders at special meetings held independently on March 12, 2021. Further [...]