October 23, 2016 2:08 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Bonanza Creek Energy, Inc.

Company Overview

Bonanza Creek Energy Inc., an independent energy company, engages 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 located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas. It also owns and operates oil-producing assets in the North Park Basin in Colorado; and the McKamie Patton Field in Southern Arkansas. Bonanza Creek Energy Inc. was founded in 2010 and is headquartered in Denver, Colorado.

410 17th Street

Suite 1400

Denver, CO 80202

United States

Founded in 2010

282 Employees





Key Executives for Bonanza Creek Energy, Inc.

Chief Executive Officer, President and Director
Age: 47
Total Annual Compensation: $575.0K
Chief Accounting Officer and Vice President
Age: 44
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2015.

Bonanza Creek Energy, Inc. Key Developments

Bonanza Creek Energy, Inc. Announces Executive Changes

The Board of Directors of Bonanza Creek Energy, Inc. promoted Scott Fenoglio, previously the Company's Vice President, Planning, to serve as the Company's Senior Vice President, Finance & Planning and principal financial officer, effective as of October 1, 2016. Effective as of October 1, 2016, Wade E. Jaques no longer serves as the principal financial officer of the Company, but he continues to serve as the Company's Vice President, Chief Accounting Officer. Mr. Fenoglio, age 42, joined the Company in March 2014, as Director of Planning and was promoted to Vice President, Planning, in May 2015. Mr. Fenoglio has over 20 years of experience working in the energy and financial services industries. Prior to joining the Company, Mr. Fenoglio served in roles of increasing responsibility at Noble Energy, Inc. from 2006 to 2014, culminating in the role of Senior Finance Manager for the U.S. Onshore Division where he led teams responsible for the development of all budgets and forecasts related to domestic exploration and production activities and was a member of the DJ Basin leadership team.

Bonanza Creek Energy, Inc.(NYSE:BCEI) dropped from S&P Global BMI Index

Bonanza Creek Energy, Inc.(NYSE:BCEI) dropped from S&P Global BMI Index

Bonanza Creek Energy Receives Non-Compliance Notice From NYSE

Bonanza Creek Energy, Inc. (the Company) announces that it has been notified by The New York Stock Exchange (NYSE) that it is no longer in compliance with certain continued listing standards that are applicable to the Company. The Company’s 30-day average closing share price as of August 22, 2016 was $0.98, in violation of the listing standard set forth in Section 802.01C of the NYSE Listed Company Manual, requiring the trailing 30-day average closing share price to remain above $1.00. As outlined in Section 802.01C of the NYSE Listed Company Manual, upon receiving notice, the Company has a six month cure period to regain compliance. Within this cure period, the Company must have a closing share price above $1.00 on the last trading day of a given month or at the end of the cure period. In addition, the Company's coinciding trailing 30-day average closing share price must also be above $1.00. The Company will notify the NYSE of its intention to regain compliance within the six month cure period. During the cure period, the Company's stock will continue to be listed on the NYSE, subject to its ability to remain in compliance with other continued listing standards. The notice received from the NYSE does not affect the ongoing business of the Company, nor does it trigger any violations of its secured or unsecured debt.

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