Bonanza Creek Energy, a Colorado-based exploration and production company, completed the merger with Extraction Oil & Gas, a Denver-based independent energy company, in a $2.6bn deal. "Successful E&P operators will be those who place a priority on disciplined capital deployment, deliver operational and cost excellence, maintain a relentless focus on shareholder value, and have governance standards that are aligned with the times. Bonanza Creek and Extraction each bring a demonstrated commitment to these principles, as well as shared organizational and community values. Together, as Civitas, we will embody an E&P business model ideally suited to deliver for all of our stakeholders," Eric Greager, Bonanza Creek President and CEO.