HighPoint Resources Corporation announced that in accordance with the terms of the Merger Agreement and the Prepackaged Plan, each director of HighPoint prior to the Effective Time ceased his or her respective service as a director of company. The company announced as of the Effective Time and pursuant to the Prepackaged Plan, each of R. Scot Woodall, President; and Kenneth A. Wonstolen, Senior Vice President, General Counsel and Corporate Secretary, were deemed to have resigned as an officer of HighPoint. These resignations were not a result of any disagreements between HighPoint and the officers on any matter relating to HighPoint’s operations, policies or practices. The Surviving Corporation will be ultimately managed by the directors and officers of Bonanza Creek, as its wholly owned subsidiary.