BAKERSFIELD, Calif., Jan. 12 /PRNewswire/ -- Bonanza Creek Energy Company, LLC Bonanza Creek Energy Company, LLC ("Bonanza Creek" or the "Company"), announced that Ralph Goehring has joined the Company as Executive VP and CFO. "The addition of Mr. Goehring to our executive team will enhance the capabilities of Bonanza Creek as we pursue additional growth opportunities. Mr. Goehring brings to the Company a wealth of executive management experience, in addition to in-depth knowledge of the capital markets and leadership in finance, accounting and taxation," said Mike Starzer, President & CEO of Bonanza Creek. Ralph Goehring stated, "I am pleased to join the executive management of Bonanza Creek and look forward to contributing to the Company's continued production growth and financial success. The combination of leadership, a strong investor group and stable operational cash flow positions Bonanza Creek well for continued success." Mr. Goehring's previous employment was with Berry Petroleum Company (NYSE: BRY) as Chief Financial Officer from 1992 through May 2008. Mr. Goehring also held positions for Berry Petroleum as Executive Vice President from 2004 through December 2008, Sr. Vice President from 1997 through 2004, and Manager of Taxation from 1987 through 1992. In 1989, Mr. Goehring assisted taking Berry Petroleum Company public and has directed recapitalization efforts since then. Prior to Berry Petroleum, Mr. Goehring served as Controller for Resonant Technology Company from 1983 through 1987 and as Sr. Tax Accountant with Arthur Andersen & Company from 1978 through 1983. Mr. Goehring holds a degree in Business Administration from the University of California, Berkeley, is a licensed CPA in California and serves on the board of the Independent Petroleum Association of America. About Bonanza Creek Energy Company, LLC Bonanza Creek Energy Company, LLC is an independent energy company based in Bakersfield, California with regional offices in Denver and Houston and operations in Colorado, Wyoming, Arkansas and California. The Company currently produces 2,220 BOEPD of crude oil, natural gas and CO2 and drills between fifty and seventy wells per year. Proved reserves are approximately 20 million BOE with unproved potential of approximately 120 million BOE on the Company's 120,000 acres of lease and fee lands. Cautionary Statement Certain statements in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, particularly any express or implied statements concerning future financial condition or operating results. Although Bonanza Creek Energy Company, LLC believes that the expectations reflected herein are reasonable, the matters discussed in this release involve risks, uncertainties, and other factors that may delay, prevent or adversely affect the transaction or its planned activities and operations. There can be no assurance that such expectations will prove correct. All forward-looking statements are expressly qualified by this cautionary statement. DATASOURCE: Bonanza Creek Energy Company, LLC CONTACT: Michael R. Starzer, President & CEO, +1-661-638-2730

Copyright