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Extraction Oil and Gas

Company Summary

Description

Extraction is an independent oil and gas company focused on the acquisition, development and production of oil, natural gas and natural gas liquids reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the "DJ Basin") of Colorado.

Website

http://extractionog.com/our-mission.php

Financial Data:

NASDAQ:XOG from Google Finance

Tickers:

  • XOG - NASDAQ

Related Entities

Recent news

  • 6/9/2021 - Newly Formed Civitas... (subscriber access)
  • 6/4/2021 - NGL Energy Partners... (subscriber access)
  • 5/10/2021 - Bonanza Creek and... (subscriber access)
  • 4/26/2021 - Extraction Oil & Gas... (subscriber access)
  • 3/19/2021 - Extraction Oil & Gas... (subscriber access)

Investor Presentations

  • 4Q19 Investor Presentation
  • 3Q19 Investor Presentation (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • May 2019 Presentation (subscriber access)
  • February 2019 Corporate Presentation (subscriber access)
  • 3Q18 Earnings Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • Corporate Update February 2018 (subscriber access)
  • December 2017 Corporate Update (subscriber access)
  • 3Q17 Investor Presentation (subscriber access)
  • August 2017 Corporate Presentation (subscriber access)
  • 1Q17 Earnings Presentation (subscriber access)
  • February 2017 Investor Presentation (subscriber access)

Company Transactions

Date: 9/30/2021
Type: Merger

BUYERS:
  • Civitas Resources
  • Extraction Oil and Gas
    • DETAILS:
    NOTES:
    Bonanza Creek and Extraction Oil & Gas have announced an all-stock merger of equals in the DJ Basin, with an enterprise value of $2.6 billion. The merger would create the largest pure-play DJ Basin company with 425,000 net acres and 117 Mboe/d in 1Q21 production. The merged company would be renamed Civatas Resources, Inc.
    REGIONS:
  • DJ Basin

    • Date: 9/30/2021
    Type: Acquisition

    BUYERS:
  • Civitas Resources
  • Extraction Oil and Gas
    • SELLERS:
  • Crestone Peak Resources
  • Canada Pension Plan Investment Board
    • DETAILS:
    NOTES:
    Civitas Resources, the newly formed entity stemming from a merger between Bonanza Creek and Extraction OIl & Gas, has reached a deal to acquire Crestone Peak Resources. Civitas will issue 22.5 million shares of Bonanza Creek for 100% of Crestone's equity interests. Upon closing, Bonanza/Extraction shareholders will each own 37% of Civitas while Crestone holds 26%.
    REGIONS:
  • Rockies
  • DJ Basin

    • Date: 4/15/2018
    Type: Acquisition

    SELLERS:
  • Extraction Oil and Gas
    • DETAILS:

    COST: 70 $MM

    NOTES:
    To date, Extraction has received multiple agreements to divest various properties for approximately $70 million. These sales are not expected to have a material impact to the Company’s previously announced 2018 guidance and are projected to close during the second quarter of 2018.
    REGIONS:
  • Wattenberg Field
  • DJ Basin

    • Date: 12/31/2017
    Type: Acquisition

    BUYERS:
  • Extraction Oil and Gas
    • DETAILS:

    COST: 195 $MM

    ACRES: 30000 Acres

    REGIONS:
  • DJ Basin