Bonanza Creek

Bonanza Creek, HighPoint to Merge, Creating Powerhouse DJ E&P

Bonanza Creek, HighPoint to Merge, Creating Powerhouse DJ E&P

Denver-Julesburg (DJ) Basin pure-plays Bonanza Creek Energy Inc. has agreed to merge with Colorado rival HighPoint Resources Corp. in a $376 million transaction that would combine their Weld County acreage and production. On a pro forma basis, Bonanza Creek would have 206,000 net acres in Weld County. All the acreage would be unincorporated and “not…

November 10, 2020