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Bonanza Creek Energy, Inc.

  1. June 16, 2017

    Bonanza Creek Ch. 11 Professionals Awarded $17M In Fees

    A Delaware bankruptcy judge on Thursday approved nearly $17 million in fees and expenses for professionals who worked on the Bonanza Creek Energy Inc. Chapter 11 case, which was brought through a quick three-month reorganization that reworked some $1 billion in debt for the oil and gas producer.

  2. April 07, 2017

    Bonanza Creek Ch. 11 Confirmed After Equity Holder Deal

    Concessions to aggrieved equity holders cleared the way to confirmation Friday for Bonanza Creek Energy Inc.'s more than $1 billion Delaware Chapter 11 case, with an attorney for the company reporting that the reorganized oil and gas producer could emerge from bankruptcy by the end of April.

  3. April 03, 2017

    Bonanza Creek Investors Slam Ch. 11 Terms At Del. Hearing

    Bonanza Creek Energy Inc.'s large stockholders accused the company's officers and directors Monday of breaching their corporate duties in drafting their contested Delaware Chapter 11 plan in the opening volleys of a multiday confirmation hearing.

  4. March 31, 2017

    Bonanza Creek Defends Ch. 11 Plan Ahead Of Confirmation

    Bankrupt oil driller Bonanza Creek Energy Inc. defended its proposed Chapter 11 plan of reorganization Friday, saying the company's debt-for-equity swap with noteholders enjoys widespread support among most parties, except for a group of equity holders opposing the plan.

  5. March 29, 2017

    Bonanza Creek Noteholders Push For Ch. 11 Rights Offering

    Bonanza Creek Energy Inc. unsecured noteholders argued Wednesday that the rights offering at the center of the oil producer's Chapter 11 plan to restructure roughly $1 billion in debt is a "slam dunk," defending it against opposition from equity holders who contend it's based on a "manufactured" valuation. 

  6. March 10, 2017

    Bonanza Creek Ch. 11 Hearing Delayed By Court Schedule

    The confirmation hearing of bankrupt oil and gas producer Bonanza Creek Energy Inc. will be pushed to April after a Delaware judge told the parties Friday that his docket did not have an opening for the three-day proceeding until then.

  7. March 09, 2017

    Bonanza Creek Equity Holders Tear Into Ch. 11 Plan

    An ad hoc group of equity holders in the Bonanza Creek Energy Inc. bankruptcy blasted the oil and gas producer's Chapter 11 plan Thursday, arguing it is a "brazen" attempt to shift value away from shareholders by valuing the company lower than it should be.

  8. February 15, 2017

    Facing Pushback, Bonanza Creek Adds Time To Del. Ch. 11

    An attorney for Bonanza Creek Resources Inc. told a Delaware bankruptcy judge on Wednesday that extra days added to its prepackaged, $1 billion-plus Chapter 11 schedule will give shareholders more time to work on an alternative while talks continue with dissenting noteholders.

  9. February 06, 2017

    Bonanza Creek Equity, Notes Groups Attack Ch. 11 Terms

    Equity holders and some noteholders of bankrupt Bonanza Creek Resources Inc. attacked key provisions of the company's prepackaged Chapter 11 plan late Friday, arguing that the proposals undervalue the oil and gas production company and wrongly reward select creditors.

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