Press Release

Kirkland Counsels Bonanza Creek Energy on Merger with SandRidge Energy

Kirkland & Ellis LLP advised Bonanza Creek Energy (NYSE: BCEI) on its decision to merge with SandRidge Energy (NYSE: SD). SandRidge will acquire all of the outstanding shares of common stock of Bonanza Creek in a cash-and-stock transaction valued at $36.00 per share. The consideration consists of $19.20 in cash and $16.80 of SandRidge shares for each Bonanza Creek share, subject to the collar mechanism. This adds 67,000 contiguous net acres in the oil window of DJ Basin. The full release is available here.

The Kirkland team included partners Doug Bacon, Kim Hicks and Andrew Calder.