On May 9, 2021, Bonanza Creek Energy, Inc., Raptor Eagle Merger Sub, Inc. and Extraction Oil & Gas, Inc. entered into an Agreement and Plan of Merger, providing for a merger of equals between BCEI and XOG. Mr. Ben Dell, chairman of the XOG Board, will serve as chairman of the board of directors of the combined company, and Mr. Eric Greager will serve as the President and Chief Executive Officer of the combined company. Other senior leadership positions of the combined company will be filled by certain current executives of BCEI and XOG.