Post Tagged with: "Bonanza Creek Energy"

Bonanza Creek Energy Borrowing Base Elevated to $375 Million

Bonanza Creek Energy Borrowing Base Elevated to $375 Million

Bonanza Creek Energy Announces Results of Borrowing Base Redetermination and Participation in Upcoming Investor Conference

Bonanza Creek Borrowing Base Jumps to $350 Million from $191 Million

Bonanza Creek Borrowing Base Jumps to $350 Million from $191 Million

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

Colorado Amendment 74 Would Require the State to Pay Property Owners for Lost Value, Including Destruction of Mineral Value from Proposition 112

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

Bonanza Creek Divests Cotton Valley Assets, Becomes Wattenberg Pure Play

Bonanza Creek Divests Cotton Valley Assets, Becomes Wattenberg Pure Play

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 …

Bonanza Creek Energy Bumps XRL Type Curves by 35%

Bonanza Creek Energy Bumps XRL Type Curves by 35%

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 – …

Bonanza Creek: Enhanced Completions Throughout Acreage, 2018 CapEx of $280 Million – $320 Million

Bonanza Creek: Enhanced Completions Throughout Acreage, 2018 CapEx of $280 Million – $320 Million

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 …

New SandRidge Energy Letter Responds to Icahn Claims

New SandRidge Energy Letter Responds to Icahn Claims

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
Bonanza Creek Shares Drop as Company Elects Not to Make Interest Payment

Bonanza Creek Shares Drop as Company Elects Not to Make Interest Payment

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 …

Source: Encana; Sound wall around DJ Basin well site rig niobrara colorado

Bonanza Creek Elects Not to Make Interest Payment, Suspends Asset Sale

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 …

Oil & Gas 360® Exclusive: Creating Value in a Down Market – Fifth Creek Energy’s Mike Starzer

Oil & Gas 360® Exclusive: Creating Value in a Down Market – Fifth Creek Energy’s Mike Starzer

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 …