Bonanza Creek Energy (NYSE: BCEI) sold its Mid-Continent assets this week to an undisclosed buyer for $117 million in cash, based on a February 1, 2018 effective date, the company reported.

The divested operations include approximately 11,000 net acres located in Lafayette and Columbia Counties, primarily targeting the Cotton Valley formation.

On Monday, Bonanza Creek announced it had divested its Mid-Continent assets. Source: BCEI Q1 2018 presentation

The divested operations include proved reserves as of December 31, 2017 of approxima...


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