Extraction Oil & Gas Inc. today announced reductions to its capital and G&A budgets. In response to recent commodity price weakness, The Company has reduced its 2020 upstream capital budget by 42% to $250-300 million. “As we continue to focus on strengthening our balance sheet and maximizing liquidity, we are reducing our activity in light of [...]
Extraction Oil & Gas Inc. announces the publication of its inaugural Environmental Social Governance Report. The report, titled “Above & Beyond,” chronicles Extraction’s commitment to sustainability initiatives and leading the industry in environmental, social and corporate governance responsibility. “Embarking on our first [...]
Extraction Oil & Gas Inc. today announced that Mark Erickson, Chief Executive Officer and Chairman of the Board, is departing from the Company. In conjunction with Mr. Erickson’s departure from Extraction’s Board of Directors, the Company has appointed Thomas B. Tyree, Jr. as Executive Chairman. In addition, Matt Owens has been named [...]
Extraction Oil & Gas Inc. today reported financial and operational results for the fourth-quarter and full-year ended December 31, 2019. Fourth-Quarter and Full-Year 2019 Highlights Fourth quarter average net sales volumes of 111,077 barrels of oil equivalent per day , including 50,065 barrels per day of crude oil and full-year 2019 average net [...]
Extraction Oil & Gas Inc. will host a conference call on Thursday, March 5, 2020 at 4:30 PM EST to discuss fourth-quarter 2019 financial and operating results. Earnings will be released after close of market on Thursday, March 5, 2020. The full text of the release will be available on the company’s website at www.extractionog.com. Those who [...]
Extraction Oil & Gas Inc. today reported financial and operational results for the third quarter of 2019, provided revised 2019 guidance and provided preliminary 2020 guidance. Third-Quarter 2019 Highlights Average net sales volumes of 80,327 barrels of oil equivalent per day , including 39,098 barrels per day of crude oil Net income of $48 [...]
Extraction Oil & Gas Inc. will host a conference call on Thursday, November 7, 2019 at 2:30 PM MST to discuss third-quarter 2019 financial and operating results. Earnings will be released after close of market on Thursday, November 7, 2019. The full text of the release will be available on the company’s website at www.extractionog.com. Those [...]
Extraction Oil & Gas Inc. today announced that Elevation Midstream, LLC , its wholly-owned subsidiary, has begun moving crude oil, natural gas and water through its Badger central gathering facility . Extraction also provided 2020 capital budget guidance for Elevation. “We are pleased to announce this milestone achievement for Elevation as we [...]
Extraction Oil & Gas Inc. today announced that its Board of Directors has appointed Audrey Robertson to serve as an independent member of the Company’s Board. Ms. Robertson will serve as a member of the Audit Committee. The appointment is effective immediately and now brings the number of outside independent Directors to six of the now [...]
Extraction Oil & Gas Inc. today announced that Russell T. Kelley, Jr., Extraction’s Chief Financial Officer, has resigned from the Company, effective September 15, 2019, to pursue other interests. Tom Brock has been designated by the Board of Directors to assume the role of principal financial officer of the Company and will continue in his [...]
Extraction Oil & Gas Inc. today reported financial and operational results for the second quarter of 2019. Second-Quarter 2019 Highlights Average net sales volumes of 82,856 barrels of oil equivalent per day , including 40,113 barrels per day of crude oil; Net income of $43.4 million, or $0.22 per basic and diluted share, driven by a gain on [...]
Extraction Oil & Gas Inc. today announced that former U.S. Commerce Secretary Donald L. Evans has resigned from the company’s Board of Directors, effective July 26, 2019, for personal reasons. “Former Secretary Evans has been a key member of our board for the last several years,” said Extraction Oil & Gas President and Acting CEO [...]
