Bonanza Creek Energy, an oil and gas exploration and development company operating in southern Arkansas and Colorado, announced terms for its IPO on Monday. The Denver, CO-based company plans to raise $300 million by offering 14.3 million shares at a price range of $20 to $22. At the mid-point of the proposed range, Bonanza Creek Energy will command a market value of $831 million. Bonanza Creek Energy, which was founded in 2010 and booked $101 million in sales for the 12 months ended September 30, 2011, plans to list on the NYSE under the symbol BCEI. Morgan Stanley and Credit Suisse are the lead underwriters on the deal, which is expected to price during the week of December 12.
