Denver-based Bonanza Creek let go 26 employees and 17 contractors, including chief financial officer William Cassidy and general counsel Christopher Humber.
“The reorganization aligns its employee base and general and administrative cost structure with the current commodity price environment and resulting anticipated activity level,” the company said of the move.
Bonanza Creek will book a one-time charge of $2.1 million in severance costs but estimated that it will save $7.6
