Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc. today announced the closing of their merger and subsequent acquisition of Crestone Peak Resources. The transactions were overwhelmingly approved, with over 99.9% of the votes cast by Bonanza Creek stockholders and over 99.9% of the votes cast by Extraction stockholders voting in favor. The [...]
Extraction Oil & Gas Inc. today reported certain preliminary financial and operational results for the third quarter of 2021. Preliminary Operational and Financial Results and Other Recent Highlights Achieved average net sales volumes of 74 MBoe/d, including 25 MBbl/d of crude oil and 21 MBbl/d of NGLs Crude oil, natural gas and NGL sales revenue [...]
Civitas Resources Inc. that will be formed upon closing of the recently-announced merger of Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc., today announced that it has materially advanced its consolidation strategy in the Denver-Julesburg Basin by entering into a definitive agreement to acquire Crestone Peak Resources, another leading [...]
Extraction Oil & Gas Inc. today reported financial and operational results for the first quarter of 2021. First Quarter 2021 and Other Recent Highlights Emerged from bankruptcy on January 20, 2021 Achieved average net sales volumes of 72 MBoe/d, including 26 MBbl/d of crude oil and 18 MBbl/d of NGLs Revenue of $292 million for the first quarter of [...]
Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc., today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals. The combined company, to be named Civitas Resources, will be the largest pure-play energy producer in Colorado's Denver-Julesburg Basin, with an aggregate enterprise value of [...]
Extraction Oil & Gas Inc. today provided preliminary financial and operational results for the first quarter of 2021. First Quarter 2021 Highlights Achieved average net sales volumes of 71.6 MBoe/d, including 26.0 MBbl/d of crude oil and 18.3 MBbl/d of natural gas liquids, for the three months ended March 31, 2021 Realized prices of approximately [...]
Extraction Oil & Gas today reported financial and operating results for the fourth-quarter and full-year 2020 and provided updated guidance for the full-year 2021. Fourth-Quarter and Full-Year 2020 Highlights Achieved average net sales volumes of 82,944 barrels of oil equivalent per day , of which 37% was crude oil and 62% total liquids, for the [...]
Extraction Oil & Gas today provided guidance for the year ended December 31, 2021, which reflects the Company's post-emergence business model and focus on maximizing returns and generating free cash flow. Details can be found in the table below: Production 66-74 Mboepd D&C capex $140-180MM Land net capex $10-20MM Lease operating expense [...]
Company Achieves $1.3 Billion Reduction in Funded Debt and Preferred Equity; Names New Board and Leadership; Commences Trading on NASDAQ Under “XOG” on January 20, 2021 Extraction to embrace new E&P business and governance model DENVER, Jan. 20, 2021 -- Extraction Oil & Gas Inc. today announced it has successfully completed its financial [...]
Extraction Oil & Gas Inc. announced today that the Company has voluntarily filed for petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware . The Company has obtained a committed $125 million debtor-in-possession financing facility , which contemplates $50 million in new money, up [...]
Extraction Oil & Gas Inc. today reported financial and operational results for the first quarter of 2020. First-Quarter 2020 Highlights Average net sales volumes of 94,247 barrels of oil equivalent per day , including 38,502 barrels per day of crude oil Net income of $9 million, or $ per basic and diluted share, driven by a gain on commodity [...]
Extraction Oil & Gas Inc. will host a conference call on Monday, May 11, 2020 at 2:30 PM MDT to discuss first-quarter 2020 financial and operating results. Earnings will also be released after close of market on Monday, May 11, 2020. The full text of the release will be available on the company’s website at www.extractionog.com. Extraction will be [...]
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