Bonanza Creek Energy, Inc. along with its six affiliates filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on January 4, 2017. The debtor listed its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by Mark D. Collins, Brendan Joseph Schlauch and Amanda R. Steele of Richards, Layton and Finger P.A. and Davis Polk & Wardwell LLP as its legal counsels, Perella Weinberg Partners LP and Alvarez & Marsal North America, LLC as financial advisor and Prime Clerk LLC as Notice and Claims Agent.