Bonanza Creek – Oil & Gas 360

Civitas adds premium assets in DJ Basin with all-stock acquisition of Crestone Peak Resources

June 7, 2021

Enhances Civitas’ Scale and Synergy Potential, with Addition of Crestone’s Highly Complementary and Adjacent Assets Crestone Operations Support Civitas’ Commitment to Achieve Net-Zero Emissions DENVER, June 07, 2021 (GLOBE NEWSWIRE) — Civitas Resources, Inc. (“Civitas” or the “Company”), a Colorado energy leader that will be formed upon closing of the recently-announced merger of Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza

Bonanza Creek Energy Announces Results of Borrowing Base Redetermination

December 22, 2020

DENVER, Dec. 22, 2020 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Com…

Colorado: COGCC Can’t Use ALJs to Help with 6,300 Drilling Permit Applications

Colorado Operators Discuss Energy Bill

May 10, 2019

By Richard Rostad, analyst, Oil & Gas 360 Colorado’s recent SB 181 overhauled the state’s permitting and regulatory process for oil and gas development. Since the bill was passed and signed into law, oil and gas investors naturally have been searching for more details and direct information on the effects of the bill, and it has been a key theme

DJ Producers Weigh In on What They Expect in 2019

March 5, 2019

Two of the major DJ Basin producers, HighPoint Resources (stock ticker: HPR) and Bonanza Creek Energy (stock ticker: BCEI) held earnings calls last week, discussing prevailing views in one of the country’s premier shale basins. By Richard Rostad, analyst, Oil & Gas 360 On potential new regulations [EDITOR’S NOTE: both earnings calls were held prior to the proposed new energy

Bonanza Creek Lands CFO

November 13, 2018

DJ Basin producer Bonanza Creek Energy, Inc. (stock ticker: BCEI) has hired Brant H. DeMuth as its CFO, effective Nov. 14, 2018. To join Bonanza Creek, DeMuth exits his post as VP of Finance and Treasurer at Denver-based SRC Energy Inc. (stock ticker: SRCI). Prior to joining SRC Energy, DeMuth served as Interim CFO of DJ Resources, LLC and as EVP of strategy and corporate development of

SandRidge-Bonanza Creek Merger Cancelled

December 29, 2017

Icahn’s activism produces results SandRidge (ticker: SD) and Bonanza Creek (ticker: BCEI) have terminated the previously-announced merger agreement, ending the largest U.S. deal in five months. The $746 million SandRidge-Bonanza Creek merger would have created a major player in the DJ Basin, but a 17.4% premium was deemed too high. While SandRidge only paid about $2,500 per acre, far below

Wattenberg Drill Time Down to 3.4 Days for a 4,100-foot Lateral: Bonanza Creek Energy

November 9, 2017

Production from enhanced completions is outperforming offset wells by ~40% Bonanza Creek Q3 production volumes averaged 15.8 MBoe per day Bonanza Creek Energy, Inc. (ticker: BCEI) said that its enhanced completions and reduced cycle times are adding to top tier operational results in Q3, paving the way for development through 2018. Seth Bullock, Interim CEO commented, “I am pleased to announce

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