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Bonanza Creek

Bonanza Creek
Bonanza Creek

Two Colorado oil companies announce merger, the latest in a consolidating industry

Bonanza Creek Energy and Extraction Oil & Gas are combining to create Civitas Energy

Energy

Colorado’s oil and gas producers are slashing budgets, closing wells as demand and cash flow dwindles

Only six drilling rigs are operating in the Colorado, the fewest in 28 years, as companies face critical financial hurdles and increasing regulation.

Business

Colorado oil and gas drillers’ hedges will keep cash flowing — for now — as prices plummet

Colorado’s biggest producers, including bankrupt Whiting Petroleum, have slashed capital budgets and cut salaries, but hedging will blunt the worst damage as per-barrel prices continue to drop.

Energy