Bonanza Creek, HighPoint close merger

DENVER — Bonanza Creek Energy Inc. (NYSE: BCEI) closed its merger with HighPoint Resources Corp. this month, marking a consolidation that creates the sixth-largest producer of fossil fuel energy in Weld County.

The two Denver-based energy companies consummated their merger on April 1. In a note to investors, the new Bonanza said it intends to spend between $150 million and $170 million this year on capital expenditures, a line item usually denoting new drilling or well activity, and expects to drill between 40,000 to 44,000 barrels of oil per day through the rest of 2021.

The company solely operates in the Wattenberg…