HighPoint Resources

HighPoint Files for Chapter 11, but Bonanza Creek Merger Still Proceeding

HighPoint Files for Chapter 11, but Bonanza Creek Merger Still Proceeding

Colorado pure-play HighPoint Resources Corp. has filed for Chapter 11 after a senior notes exchange offer failed by merger partner Bonanza Creek Energy Inc. The Denver-based exploration and production (E&P) companies, which both train their talents on the Denver-Julesburg (DJ) Basin, agreed in November to merge in an estimated $376 million transaction.  Bonanza Creek in…

March 16, 2021