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 [...]
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 [...]
HighPoint Resources Corp. at the request of the New York Stock Exchange reports that it is not aware of any material, undisclosed corporate developments to account for the trading activity in HighPoint's stock on March 24, 2021. The Company's planned merger with Bonanza Creek Energy, Inc. remains on track to be consummated pursuant to the [...]
HighPoint Resources Corp. today announced that on March 18, 2021, the United States Bankruptcy Court for the District of Delaware confirmed the Company's previously announced prepackaged plan of reorganization and entered a written order to this effect. The Prepackaged Plan implements the merger and restructuring transactions pursuant to the [...]
HighPoint Resources Corp. today announced that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to effectuate the previously announced prepackaged plan of reorganization and consummate the transactions pursuant to the Agreement and Plan of Merger, dated as of [...]
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 [...]
HighPoint Resources Corp. today announced that a special meeting of stockholders of the Company is scheduled to take place virtually on March 12, 2021 at 9:00 a.m., Mountain Time. The purpose of the HighPoint special meeting is to adopt the proposal to approve the transaction pursuant to the Agreement and Plan of Merger, dated as of November 9 [...]
Bonanza Creek Energy Inc. and HighPoint Resources Corp. today announced that Bonanza Creek has commenced offers 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 Notes due June 15, 2025 of HighPoint [...]
HighPoint Resources Corp. today announced that on November 19, 2020, it received written notification from the New York Stock Exchange that it has regained compliance with the NYSE continued listing standard relating to the average closing price of the Company’s shares. As previously disclosed, on March 13, 2020, the Company received formal notice [...]
HighPoint Resources Corp. today announced that on November 4, 2020, it received notice from the New York Stock Exchange that it is no longer in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE’s Listed Company Manual due to the fact that the Company’s average global market capitalization over a [...]
Reported production sales volume of 2.8 million barrels of oil equivalent for the third quarter of 2020, exceeding the high end of guidance by 9% Oil production sales volume of 1.5 million barrels of oil for the third quarter of 2020; 53% of total equivalent production sales volume Cash flow positive for the quarter with net bank debt1 reduced 34 [...]