Bonanza Creek Energy, Inc. (NYSE:BCEI) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On January 26, 2017, Bonanza Creek Energy, Inc. (the Company)
reached an agreement in principle with Silo Energy, LLC (Silo)
to, among other things, settle certain claims in connection with
the previously announced cases commenced by the Company under
chapter 11 of title 11 of the United States Code in the United
States Bankruptcy Court for the District of Delaware (the Court).
The proposed terms of the settlement are set forth in Exhibit
99.1 hereto and are incorporated into this Item 7.01 by
reference. The Company intends to file a motion with the Court
seeking approval of a stipulation among the parties memorializing
the terms of the agreement.
The information furnished to Item 7.01, including Exhibit 99.1,
shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
is not subject to the liabilities of that section and is not
deemed incorporated by reference in any filing of the Companys
under the Securities Act of 1933, as amended (the Securities
Act), unless specifically identified therein as being
incorporated therein by reference.
Forward-Looking Statements
This Current Report on Form 8-K contains certain statements that
are, or may be deemed to be, forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E
of the Exchange Act. All statements, other than statements of
historical facts, included in this Current Report on Form 8-K
that address activities, events or developments that the Company
expects, believes or anticipates will or may occur in the future
are forward looking statements. We have based these
forward-looking statements largely on our current expectations
and projections about future events and financial trends
affecting the financial condition of our business. These
forward-looking statements are subject to a number of risks,
uncertainties and assumptions, including, among other things, the
risk factors discussed in this Current Report and in our most
recent Annual Report on Form 10-K as well as in other reports
filed from time to time by the Company with the Securities and
Exchange Commission, most of which are beyond our control. The
words believe, may, estimate, continue, anticipate, intend, plan,
expect, indicate and similar expressions are intended to identify
forward-looking statements. All statements other than statements
of current or historical fact contained in this Current Report
are forward-looking statements. Although we believe that the
forward-looking statements contained in this Current Report are
based upon reasonable assumptions, the forward-looking events and
circumstances discussed in this Current Report may not occur and
actual results could differ materially from those anticipated or
implied in the forward-looking statements.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. | |
| 99.1 |
Proposed terms of the settlement between the Company and |
|
About Bonanza Creek Energy, Inc. (NYSE:BCEI)
Bonanza Creek Energy, Inc. (Bonanza Creek) is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company’s oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado and the Dorcheat Macedonia Field in southern Arkansas. In addition, the Company owns and operates oil-producing assets in the North Park Basin in Colorado and the McKamie Patton Field in southern Arkansas. The main areas in which the Company operates in the Rocky Mountain region are the Wattenberg Field in Weld County, Colorado and the North Park Basin in Jackson County, Colorado. Its Wattenberg Field operations are in the oil and liquids-weighted extension area of the Wattenberg Field targeting the Niobrara and Codell formations. In southern Arkansas, it targets the oil-rich Cotton Valley sands in the Dorcheat Macedonia and McKamie Patton Fields. Bonanza Creek Energy, Inc. (NYSE:BCEI) Recent Trading Information
Bonanza Creek Energy, Inc. (NYSE:BCEI) closed its last trading session down -0.06 at 2.80 with 2,130,649 shares trading hands.