A Rich History
Bonanza Creek was first founded in 1999 at the bottom of the commodity cycle. The opportunity to buy low enabled the company to acquire properties in the DJ Basin of Colorado. Since then, Bonanza Creek has undergone many iterations, including Bonanza Creek Oil Company, Bonanza Creek Energy Company, and Bonanza Creek Resources Company, each generating substantial returns to its owners. In December 2010, Bonanza Creek Energy, Inc. was formed and prepared to enter the public markets, which it did in December 2011, listing on the NYSE with the ticker symbol “BCEI.”
Each Bonanza Creek company has held properties in the Wattenberg Field, and collectively we have drilled hundreds of vertical wells. In July 2011, the company initiated its horizontal Niobrara program and has since become one of the most active drillers in the play. Today, we have a large inventory of highly economic projects in the Wattenberg Field that will provide the company with many years of strong growth and outsized returns.