Bonanza Oil & Gas, Inc. (Bonanza) is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids in the United States. The Company�s crude oil and natural gas properties consist essentially of working interests owned by it in various oil and gas wells and leases located in Texas. As of December 31, 2009, Bonanza had an interest in two gross productive oil wells (0.5 net wells). During the year ended December 31, 2009, Bonanza did not participate in the drilling of any wells.