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Bonanza Creek Energy, Inc. Announces Closing of Public Offering of Common Stock

DENVER, February 7, 2013 - Bonanza Creek Energy, Inc. (NYSE: BCEI) (the "Company") today announced the closing of its previously announced public offering of 13,000,000 shares of common stock at $29.50 per share (the "Shares"), which includes 1,500,000 shares purchased pursuant to the full exercise of the underwriters' option to purchase additional shares. All 13,000,000 shares were sold by Project Black Bear LP, the selling stockholder (the "Selling Stockholder"). The closing of the sale of the Shares took place on February 6, 2013.  The Company did not receive any proceeds from the sale of the Shares by the Selling Stockholder.

Credit Suisse and Raymond James acted as joint book-running managers in the offering, KeyBanc Capital Markets, BMO Capital Markets and Scotiabank / Howard Weil served as senior co-managers for the offering, and Stifel Nicolaus Weisel, Wunderlich Securities, Societe Generale, SunTrust Robinson Humphrey, C.K. Cooper & Company, Miller Tabak, KLR Group and IBERIA Capital Partners L.L.C. were co-managers for the offering. 

An investor may obtain a free copy of the prospectus supplement and accompanying base prospectus relating to the offering by visiting EDGAR on the SEC website at www.sec.gov.  A copy of the prospectus supplement and accompanying base prospectus relating to the offering also may be obtained from:

Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010
Phone: 1-800-221-1037
Email: newyork.prospectus@credit-suisse.com

Raymond James & Associates, Inc.
880 Carillon Parkway
St. Petersburg, Florida 33716
Phone: 1-800-248-8863
Email: prospectus@raymondjames.com

This press release does not constitute an offer to sell or a solicitation of an offer to buy common stock or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities may be made only by means of the prospectus supplement and the related base prospectus.

About Bonanza Creek Energy, Inc.

Bonanza Creek Energy, Inc. is an independent energy company engaged in oil and natural gas exploration and production in the United States. The company's assets and operations are concentrated primarily in the Wattenberg Field in Colorado and in southern Arkansas. The company's common shares are listed for trading on the New York Stock Exchange under the ticker symbol BCEI.

For further information, please contact:

Mr. Ryan Zorn
Vice President - Finance
720-440-6172

Mr. James Masters
Investor Relations Manager
720-440-6121


HUG#1676601


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