Bonanza Creek Energy Inc. expects its initial public offering of 14.3 million common shares to price between $20 and $22 each.
The independent oil and gas company registered for an estimated $200 million IPO in June, seeking proceeds to repay debt and to fund exploration and development.
Bonanza Creek’s assets are concentrated in southern Arkansas and Colorado’s Denver Julesburg and North Park Basins. It also owns oil-producing assets in California’s San Joaquin Basin. Oil sales account for the bulk of its top line.