Bonanza Creek Energy, Inc. and HighPoint Resources announce final results of exchange offer and consent solicitations
March 12, 2021
DENVER, March 12, 2021 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the &#x…
Bonanza Creek Energy Borrowing Base Elevated to $375 Million
May 16, 2019
Bonanza Creek Energy Announces Results of Borrowing Base Redetermination and Participation in Upcoming Investor Conference … Username or E-mail Password Remember Me Forgot Password
Bonanza Creek Borrowing Base Jumps to $350 Million from $191 Million
December 10, 2018
Bonanza Creek Announces New $350 Million Borrowing Base
Colorado Amendment 74 Would Require the State to Pay Property Owners for Lost Value, Including Destruction of Mineral Value from Proposition 112
October 4, 2018
Paying for economic damage: proposed Amendment 74 ensures that state and local governments that cause reduction in private property value must pay for what they take Colorado’s Proposition 112—the proposed mandatory 2,500-foot setback for new oil and gas development—has been getting the bulk of the attention in the energy industry. But there is another ballot proposal that would affect mineral
Bonanza Creek Divests Cotton Valley Assets, Becomes Wattenberg Pure Play
August 8, 2018
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. The divested operations include proved reserves as of December 31, 2017 of approximately 12 MMBoe (100% proved developed) and
Bonanza Creek Energy Bumps XRL Type Curves by 35%
May 9, 2018
Bonanza Creek Energy, Inc. (ticker: BCEI) posted a net income of $13.9 million, or $0.68 per share for the first quarter of 2018. Last year, the company had a net loss of $94.3 million, or $(1.91) per diluted share – the net loss in Q1 2017 was driven by reorganization items of $89.0 million, Bonanza Creek said. Exceeding its original
Bonanza Creek: Enhanced Completions Throughout Acreage, 2018 CapEx of $280 Million – $320 Million
March 15, 2018
Bonanza Creek Energy (ticker: BCEI) reported a net loss for Q4 2017 of $5.8 million, or $(0.28) per diluted share. For 2017, the company posted a net loss of $2.4 million. Production in the fourth quarter of 2017 reached 14.8 MBOEPD and Bonanza Creek averaged production of 16 MBOEPD for 2017. The company spent approximately $110 million in 2017 and
New SandRidge Energy Letter Responds to Icahn Claims
December 11, 2017
Transaction represents 8% premium, not 75%: SandRidge letter November 15: SandRidge announces acquisition of Bonanza Creek Energy for $746 million November 27: SandRidge creates “poison pill” to fight Icahn November 30: Icahn responds to SandRidge December 11: SandRidge publishes new letter ‘dispelling myths’ SandRidge Energy, Inc. (ticker: SD) issued a letter today addressed to shareholders, highlighting the benefits of the
Bonanza Creek Shares Drop as Company Elects Not to Make Interest Payment
October 17, 2016
Bonanza Creek has sufficient cash to make payment, but chooses to maintain liquidity Denver-based Bonanza Creek Energy (ticker: BCEI) announced that it will not make the scheduled payment on its $500 million 6.75% senior notes due in 2021. The company has enough cash to make the $16.9 million payment, but has elected to enter into a 30-day grace period, the
Bonanza Creek Elects Not to Make Interest Payment, Suspends Asset Sale
August 2, 2016
Bonanza Creek’s situation continues to sour The situation for Bonanza Creek Energy (ticker: BCEI) continues to worsen, as the company announced Monday as part of its second quarter press release that it will not make a scheduled interest payment on its 5.75% senior unsecured notes, and that the company has decided to suspend its asset sales. The company has been
Oil & Gas 360® Exclusive: Creating Value in a Down Market – Fifth Creek Energy’s Mike Starzer
July 26, 2016
Starzer’s privately held Fifth Creek is positioned to grow rapidly when oil markets turn: he’s planning to invest $1 billion in drilling over 4 years It is difficult to overstate the importance of a good management team, particularly as the oil and gas industry slogs its way through the current downcycle. Experience at the top can help companies ride out
