Bonanza Creek and Extraction Announce Closing of Merger and Subsequent Acquisition of Crestone Peak
Bonanza Creek Energy, Inc. (NYSE:BCEI) ("Bonanza Creek" or the "Company") and Extraction Oil & Gas, Inc. (NASDAQ:XOG) ("Extraction") today announced the closing of their merger and subsequent acquisition of Crestone Peak Resources ("Crestone Peak"). The transactions were overwhelmingly approved, with over 99.9% of the votes cast by Bonanza Creek stockholders and over 99.9% of the votes cast by Extraction stockholders voting in favor.
The combined company has now formally been rebranded Civitas Resources, Inc. ("Civitas") and will commence public trading on the NYSE under the ticker "CIVI" on November 2, 2021. Upon closing, Civitas became the largest pure-play energy producer in Colorado's
