Bonanza Creek Energy Inc :Bonanza Creek And Extraction To Combine In Merger Of Equals, Creating Civitas Resources – A New Colorado Energy Leader And The State’S First Net-Zero Oil & Gas Producer.Bonanza Creek Energy Inc - Deal For Aggregate Enterprise Value Of Approximately $2.6 Billion.Bonanza Creek Energy Inc - Civitas Expects To Achieve Annual Expense And Capital Savings Of Approximately $25 Million From Deal.Bonanza Creek - Extraction Shareholders Will Receive Fixed Exchange Ratio Of 1.1711 Shares Of Co'S Common Shares For Each Share Of Extraction Owned.Bonanza Creek Energy Inc - Bonanza Creek And Extraction Shareholders Will Each Own Approximately 50.0% Of Civitas.Bonanza Creek Energy - Combined Co Will Operate Across About 425,000 Net Acres, With Production Base Of 117 Thousand Barrels Of Oil Equivalent Per Day.Bonanza Creek - Funds Managed By Kimmeridge Energy Own About 38% Percent Of Outstanding Shares Of Extraction.Bonanza Creek - Following Merger, Civitas Board Of Directors Will Consist Of Eight Members, Four Directors From Bonanza Creek And Four From Extraction.Bonanza Creek - Extraction'S Current Chairman, Ben Dell, Will Be Chairman Of Board After Deal.Bonanza Creek - Bonanza Creek'S Current President And Chief Executive Officer Will Be President And Ceo Of Civitas.