 DENVER, May 10, 2021 GLOBE NEWSWIRE -- Bonanza Creek Energy, Inc. NYSE: BCEI Bonanza Creek and Extraction Oil Gas, Inc. NASDAQ: XOG Extraction, today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals. The combined company, to be named Civitas Resources, Inc. Civitas, will be the largest pure-play energy producer in Colorados Denver-Julesburg DJ Basin, with an aggregate enterprise value of approximately 2.6 billion based on the closing share prices of Bonanza Creek and Extraction on May 7, 2021. 