DJ Basin Merger Ramps Colorado Consolidation

摘要

Denver-based producers Bonanza Creek Energy and Extraction Oil & Gas have agreed to a “merger of equals” that they say will create the largest pure-play Denver-Julesburg (DJ) Basin upstream company in the latest example of corporate consolidation in North America’s oil patch. Executives say the all-stock, low-premium merger will create a larger, more liquid and flexible company, dubbed Civitas Resources — a “cash-flow machine” that they say will also become Colorado’s first “net-zero” energy producer.