NGL Energy Partners LP is a publicly traded master limited partnership listed under the ticker “NGL” on the NYSE and is headquartered in Tulsa, Oklahoma. The firm is a diversified midstream company that engages in the crude oil logistics, waters solutions, liquids, retail propane, and refined products and renewables business in the U.S.

Bonanza Creek is an independent oil and natural gas company, engaging in exploration, development, and production of onshore oil and related liquids-rich natural gas in the U.S. Headquartered in Denver, Colorado, the publically traded firm was founded in 2010 and is listed on the NYSE under the ticker “BCEI.”

Cypress served as the exclusive financial advisor to NGL Energy Partners LP in regards to the renegotiating of its logistics contract with Bonanza Creek Energy Incorporated. The transaction amended the contractual arrangement and renegotiated the oil supply agreement and claim with NGL, giving NGL all of the oil produced by Bonanza Creek.