On January 31, 2013, Bonanza Creek Energy, Inc. (the "Company") and Project Black Bear LP (the "Selling Stockholder") entered into an underwriting agreement (the "Underwriting Agreement") with Credit Suisse Securities (USA) LLC and Raymond James & Associates, Inc., as representatives of the several underwriters listed therein (the "Underwriters"), pursuant to which the Selling Stockholder agreed to sell to the Underwriters 11,500,000 shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), in a registered public offering pursuant to the Company's registration statement on Form S-3, as amended, filed on January 28, 2013 (File No. 333-186019) with Securities and Exchange Commission (the "Commission"). In addition, a prospectus supplement, dated January 31, 2013, relating to the offering has been filed with the Commission. Pursuant to the Underwriting Agreement, the Selling Stockholder granted a 30-day option to the Underwriters to purchase up to 1,500,000 additional shares of Common Stock to cover over-allotments. This option has been exercised.

The Underwriting Agreement contains customary representations, warranties and covenants and includes the terms and conditions for the sale of the Common Stock by the Selling Stockholder to the Underwriter, indemnification and contribution obligations and other terms and conditions customary in agreements of this type.

The foregoing description of the Underwriting Agreement is only a summary and does not purport to be complete and is qualified in its entirety by reference to the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The closing of the transaction is expected to occur on or about February 6, 2013, subject to the satisfaction of customary closing conditions, at which the Selling Stockholder will sell to the Underwriters 13,000,000 outstanding shares of Common Stock. The Company will not receive any proceeds from the sale of shares by the Selling Stockholder.

The legal opinion and consent of Mayer Brown LLP relating to the Common Stock is filed as Exhibit 5.1 to this Current Report on Form 8-K and is incorporated herein by reference.

(d) Exhibits

Exhibit No.                           Description

        1.1   Underwriting Agreement, dated January 31, 2013
        5.1   Opinion of Mayer Brown LLP
       23.1   Consent of Mayer Brown LLP (included in Exhibit 5.1 hereto)