Page 2 - Highpoint Resources News Today

One year ago, we wrote that, unlike in 2019, when the large business bankruptcy landscape was generally shaped by economic, market, and leverage factors, the COVID-19 pandemic dominated the narrative in 2020.

One year ago, we wrote that, unlike in 2019, when the large business bankruptcy landscape was generally shaped by economic, market, and leverage factors, the COVID-19 pandemic dominated...

Bonanza Creek Moderating DJ Well Completions to Optimize HighPoint Takeover With its takeover of fellow Colorado pure-play HighPoint Resources Corp. now complete, Bonanza Creek Energy Inc. is looking to optimize the combined well completions and midstream gathering needs, according to CEO Eric Greager. Bonanza Creek completed its merger with HighPoint on April 1. The closing allows the Denver-Julesburg (DJ) Basin operator to revamp the overall drilling schedule for the drilled but uncompleted w...

DENVER — Bonanza Creek Energy Inc. (NYSE: BCEI) closed its merger with HighPoint Resources Corp. this month, marking a consolidation that creates the sixth-largest producer of fossil fuel energy in Weld County. The two Denver-based energy companies consummated their merger on April 1. In a note to investors, the new Bonanza said it intends to spend between $150 million and $170 million this year on capital expenditures, a line item usually denoting new drilling or well activity, and expects t...

2 days Mozambique Says Total’s LNG Project Is Safe From Militants 2 days U.S. And Iran Set To Hold Indirect Talks On Nuclear Deal 2 days India Set To Review ‘Unfair’ Oil Import Contracts With Saudi Arabia 2 days EVs, Smart Appliances Pose Cybersecurity Risks 3 days Oil Demand Boosted By Highest Number Of Flights Since COVID Started 3 days Biden Administration Studies If EVs Can Enter Biofuel Cr...

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 early February launched an offer to exchange common...

Colorado-based oil and gas producer HighPoint Resources Corp. filed for Chapter 11 protection in Delaware bankruptcy court with a prepackaged plan to cut $625 million in debt by merging with Bonanza Creek Energy after an attempt to close the deal out of court failed in February.

Oil declined for a second day as the market’s underlying structure weakened and the dollar strengthened.

Miguel Otárola/CPR News Rusty Frishmuth shows off an air compressor powering controllers at an oil field off Hwy. 34 east of Greeley, Colo., on Feb. 24, 2021. Controllers at this facility are powered by compressed air. Rusty Frishmuth opened a metal equipment cabinet in an oil field east of Greeley and waited for the sound. A few minutes later, a sharp woosh blew from inside. It was the sound of a pneumatic controller in action. “Incredibly exciting, right?” joked Frishmuth. As the direc...

Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announced its fourth quarter and full-year 2020 financial results, and has