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Bonanza Creek Energy, Inc.
77 articles mentioning Bonanza Creek Energy, Inc. · Page 3 of 4
Bonanza Creek Bankruptcy Update; 2017 Drilling Program
Bankruptcy Update The Company expects to resume drilling and completion activity. The activity program that was presented to the signatories of the RSA contemplates a one-rig program, with an intermittent second rig to satisfy leasehold obligations....
Bonanza Creek Receives Buyout Offer from Bill Barrett
No other details on this unsolicited offer were released.
DJ Basin E&P Files Chapter 11 Bankruptcy
Bonanza Creek is proposing prepackaged plan of reorganization that will significantly deleverage the Company’s balance sheet and provide the Company with $200 million of additional liquidity from an equity rights offering backstopped by certain holders of...
Bonanza Creek Out of NYSE Compliance
The Company was notified of a similar violation in August, which was cured on September 30, 2016.
Bonanza Creek Makes Interest Payment as Stock Falls Below $1.00
Bonanza Creek Energy Inc. has reported an interest payment update and changes to its stock compliance.
Bonanza Creek Suspends Activity, Financial Trouble, Postpone Interest Payment
Bonanza Creek Energy, Inc. reported its second quarter 2016 financial and operating results. Quick Read Drilling activity suspended, no further drilling planned for H2 6 DUC well inventory Planned asset sales suspended: "In the first and...
DJ Basin E&P Exploring Restructuring Options; Hires Firm
In what must seem like something crazy, Bonanza Creek disclosed in an 8k filing on July 13, 2016 that it has retained Perella Weinberg Partners to advise the Company and assist in analyzing and evaluating financial...
Banks Take Axe To Bonanza Creek Borrowing Base; Problems Ahead
The Borrowing Base under the Credit Agreement was reduced from $475 million to $200 million, which amount will remain in effect until it is redetermined or adjusted in accordance with the Credit Agreement and will continue...
Bonanza Creek Halts Rockies Drilling; Awaits Results of New Well Design
Bonanza Creek Energy, Inc. announces its first quarter 2016 financial and operating results.
Texas' E&P Sector Drops 1,100 More Jobs as Oil Stays Low
According to the latest report from the Texas Workforce Commission, over 1,100 jobs were cut from the Texas E&P sector in recent weeks.
Bonanza Creek Downsizes Workforce; Executives Depart
Bonanza Creek Energy, Inc. announces it has reduced its workforce by 26 employees and 17 contractors. The reorganization aligns its employee base and general and administrative cost structure with the current commodity price environment and resulting...
Niobrara E&P Draws Majority of Funds from Credit Facility; $209MM
As of March 9, 2016, the Company had $235 million of cash on its balance sheet after taking the recent draw into account.
E&P's Niobrara Wells Outperform with Upsized Fracs, Mono-Bore Design
In addition to boosting well results, the new design enables the company to drill wells more quickly.
Bonanza Creek Touts 4Q Completions; Plans Sale of MidCont Asset
Bonanza Creek Energy, Inc. announces its fourth quarter and full year 2015 financial and operating results.
Bonanza Creek Gets 20% More Cumulative Production on Wattenberg Wells
The Company plans to implement the increased sand completion design into the majority of its contemplated 2016 program.
Bonanza Creek Maintains Borrowing Base
The Company has elected a capital commitment of $475 million, a 5% reduction from the previous $500 million commitment.
Bonanza Creek Changes Frac Design in the Wattenberg
Bonanza Creek Energy Inc. detailed the latest changes to its operational strategy, including changing its frac design in the Wattenberg.
Bonanza Creek Touts DJ Basin Efficiencies; Spuds 19 Wells in 2Q
During second quarter 2015, the Rocky Mountain region sold 22.7 Mboe/d, or 81% of total Company volumes, with over 95% coming from horizontal wells.
Bonanza Creek: Niobrara Most 'Resilient' to Low Oil Prices
Looking at Internal Rate of Return (IRR), the company is claiming that the play is the most 'resilient' to the drop in prices.
Bonanza Creek Bets on 40-Acre Downspacing in the Niobrara
In its 4Q report, Bonanza Creek Energy detailed the latest developments in the Wattenberg, including delineation and downspacing results.