Bonanza Creek Energy Inc. and HighPoint Resources Corp. today announced that they expect to close the previously announced merger on April 1, 2021. The closing of the Merger remains subject to the conditions set forth in HighPoint's prepackaged plan of reorganization , the Agreement and Plan of Merger, dated as of November 9, 2020, by and among [...]
Bonanza Creek Energy Inc. and HighPoint Resources Corp. today announced the voting results of the Bonanza Creek and HighPoint special stockholder meetings in connection with the transactions pursuant to the Agreement and Plan of Merger, dated as of November 9, 2020, by and among Bonanza Creek, HighPoint and Boron Merger Sub, Inc. . At the special [...]
Bonanza Creek Energy Inc. and HighPoint Resources Corp. today announced the expiration and results of Bonanza Creek's previously announced offer to exchange shares of its common stock and newly issued 7.5% Senior Notes due 2026 for any and all of the 7.0% Senior Notes due October 15, 2022 of HighPoint Operating Corporation and the 8.75% Senior [...]
Bonanza Creek Energy Inc. today announced its fourth quarter and full-year 2020 financial results, and has posted an updated investor presentation to its website. Highlights for the fourth quarter and full-year 2020 include: Average sales volumes of 25.0 thousand barrels of oil equivalent per day for the fourth quarter, with oil representing 54% of [...]
Bonanza Creek Energy Inc. today announced that a special meeting of stockholders of the Company is scheduled to take place on March 12, 2021 at 9:00 a.m., Mountain Time. The purpose of the Bonanza Creek special meeting is to approve the issuance of Bonanza Creek common stock to stockholders and noteholders of HighPoint Resources Corp. in connection [...]
Bonanza Creek Energy Inc. today issued preliminary results for the fourth quarter and full year 2020, and provided guidance for the first quarter of 2021. The Company also announced the date of its conference call to discuss fourth quarter and full year 2020 results. Highlights for the fourth quarter and full year 2020 include: Average sales [...]
Bonanza Creek Energy Inc. today announced that the lenders under its senior secured credit facility have concluded their semi-annual redetermination and reaffirmed the facility’s borrowing base of $260 million and the elected commitments of $260 million. As of September 30, 2020, the Company had $20 million drawn on the facility and held [...]
Bonanza Creek Energy Inc. announced today that its Board of Directors has adopted a Tax Benefits Preservation Plan designed to protect the availability of the Company’s existing net operating loss carryforwards and other tax attributes , which can potentially be utilized in certain circumstances to reduce the Company’s future income tax [...]
Bonanza Creek Energy Inc. and HighPoint Resources Corp. today announced that they have entered into a definitive merger agreement to combine Bonanza Creek and HighPoint in a transaction valued at approximately $3761 million as of November 6, 2020. The transaction value is based on the equity to be issued to HighPoint equity holders, the equity and [...]
Bonanza Creek Energy Inc. today announced its third quarter 2020 financial results and operating outlook. The Company has also posted an updated investor presentation to its website. Highlights of the third quarter 2020 include: Average sales volumes up 6% over second quarter to 26.2 thousand barrels of oil equivalent per day , with oil [...]
Bonanza Creek Energy Inc. today issued preliminary third quarter 2020 results, and announced the date of its third quarter 2020 earnings release and conference call. Highlights include: Third quarter 2020 estimated average sales volumes of 26.2 thousand barrels of oil equivalent per day , up 6% over second quarter volumes Average third quarter 2020 [...]
Bonanza Creek Energy Inc. today announced its second quarter 2020 financial results and operating outlook. The Company has also posted an updated investor presentation to its website. Highlights of the second quarter 2020 include: Average sales volumes of 24.9 thousand barrels of oil equivalent per day , with oil representing 56% of total volumes [...]