 DENVER, March 18, 2021 GLOBE NEWSWIRE -- HighPoint Resources Corporation NYSE: HPR HighPoint or the Company today announced that on March 18, 2021, the United States Bankruptcy Court for the District of Delaware confirmed the Companys previously announced prepackaged plan of reorganization the Prepackaged Plan and entered a written order to this effect. The Prepackaged Plan implements the merger and restructuring transactions pursuant to the Agreement and Plan of Merger, dated as of November 9, 2020, by and among Bonanza Creek Energy, Inc. Bonanza Creek, HighPoint and Boron Merger Sub, Inc. the Merger Agreement, and the Transaction Support Agreement, dated as of November 9, 2020, by and among HighPoint, HighPoint Operating Corporation, Fifth Pocket Production, LLC, certain consenting holders of HighPoint Operating Corporations 7.0 Senior Notes due October 15, 2022 and 8.75 Senior Notes due June 15, 2025, and certain consenting HighPoint stockholders the TSA. The consummation of the Prepackaged Plan will be subject to the conditions set forth in the Prepackaged Plan, the Merger Agreement, the TSA and related transaction documents. HighPoint and Bonanza Creek will announce within a few days the expected timing of their closing. 