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Wednesday, January 8, 2025

October 19, 2015

Bonanza Creek Energy Announces Results of its Borrowing Base Redetermination

October 19, 2015

DENVER, October 19, 2015 – Bonanza Creek Energy, Inc. (BCEI) today announces that the lenders under its senior secured credit facility have concluded their semi-annual redetermination, resulting in a borrowing base of $475 million. The Company has elected a capital commitment of $475 million, a 5% reduction from the previous $500 million commitment.  As of September 30, 2015, the Company

Interior Department Puts Alaska Offshore Lease Programs on Ice

October 19, 2015

Arctic Offshore Leases Cancelled Through 2017; Shell, Statoil Fail to Extend Leases The Chukchi Sea’s 29 billion barrels (U.S. Bureau of Ocean Energy Management’s estimate of BOE) will have to wait for better times. The U.S. Department of Interior announced last Friday that it will put a halt to future auctions for the current leasing program, which runs through 2017. In

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