Item 8.01 Other Events.

On August 31, 2012, Bonanza Creek Energy, Inc. (the "Company") sold its property in the Kern River field in California for approximately $5.1 million and recorded a gain on the sale of oil and gas properties in the amount of $4.3 million related to this transaction. On October 15, 2012, the Company sold its property in the Sargent field in California for approximately $3.2 million, approximately equal to its book value. On November 9, 2012, the Company sold its property in the Greeley field for approximately $1.1 million, approximately equal to its book value. As a result of these transactions, we classified the results of operations and financial position of these properties as discontinued operations for all periods presented.

This Current Report on Form 8-K was prepared to provide revised financial information that presents these properties as discontinued operations for all periods presented in our Annual Report on Form 10-K for the year ended December 31, 2011, filed on March 22, 2012 ("2011 Form 10-K"). It should be noted that our net income (loss) was not impacted by the reclassification of our operations with respect to these properties as discontinued operations.

This filing includes updated information for the following items included in our 2011 Form 10-K:

ITEM 6. SELECTED FINANCIAL DATA

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Unaffected items of our 2011 Form 10-K have not been repeated in this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

23.1 Consent of Independent Registered Public Accounting Firm Hein & Associates LLP.

99.1 Item 6. Selected Financial Data.

99.2 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.

99.3 Item 8. Financial Statements and Supplementary Data.

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