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Extraction Oil and Gas
41 articles mentioning Extraction Oil and Gas · Page 1 of 3
Extraction Details Preliminary Q3 Results, Production
Extraction Oil & Gas, Inc. reported certain preliminary financial and operational results for the third quarter of 2021. Preliminary Highlights: Achieved average net sales volumes of 74 MBoe/d, including 25 MBbl/d of crude oil and 21...
Extraction Oil & Gas First Quarter 2021 Results
Extraction Oil & Gas, Inc. reported financial and operational results for the first quarter of 2021. Q1 2021 and Other Recent Highlights: Emerged from bankruptcy on January 20, 2021 Achieved average net sales volumes of 72...
Extraction Details Preliminary Q1 Results; 71.6 MBOEPD Output
Extraction Oil & Gas, Inc. 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...
Extraction Oil & Gas 2021 Plan; Q4, Full Year 2020 Results
Extraction Oil & Gas reported financial and operating results for the fourth-quarter and full-year 2020 and provided updated guidance for the full-year 2021. 2021 Guidance The Company is revising its previously issued guidance to reflect various...
Colorado Regulators Support 2,000 foot Setback
The Colorado Oil and Gas Conservation Commission voiced support for large buffers around well drilling sites. The majority of the five-member panel said Wednesday they endorse setbacks of 2,000 feet, significantly larger than those proposed by...
Extraction Oil & Gas Second Quarter 2020 Results
Extraction Oil & Gas reported its Q2 2020 results. Extraction is currently in Chapter 11 bankruptcy, which it filed on June 15, 2020. Q2 Financials Oil sales revenues. Crude oil sales revenues decreased by $148.8 million...
Niobrara-Focused Extraction Oil & Gas Files for Bankruptcy
Extraction Oil & Gas after having missed its May 15, 2020 bond payment has decided to file chapter 11 bankruptcy. Ths company has ~$1.5 billion in debt and has been serverly distressed. The company had $221...
Corporate Greed: Extraction Execs Scores Millions in Bonuses Ahead of Bankruptcy Filing
Extraction Oil & Gas has approved a 'cash-retention' plan for its executives amounting to $6.7 million, according to its most recent SEC filing. This development was announced after the company's shareholders voted in favor of a...
Extraction Gets Green Light for Reverse Stock Split
Extraction Oil & Gas reported that its shareholders have approved a reverse stock split, according to its recent SEC filing. The ranges are 1-for-10 and 1-for-200. At the annual shareholder meeting, shareholders voted to approve an...
DJ Basin E&P Heading to Bankruptcy; Missed Interest Payment
Extraction Oil & Gas, the DJ Basin focused E&P, says it is not making its $14.8 milllon interest payment on its 7.375% senior notes due 2024. The company will enter into a 30-day grace period before...
Extraction Oil & Gas Borrowing Base Cut, Hires Advisors
Extraction OIl & Gas problems continue, the company CFO reported during its Q1 call that its lenders cut it borrowing base and the company drew down the remaining capital. The company also said "We have engaged...
Extraction Oil & Gas First Quarter 2020 Results
Extraction Oil & Gas Inc. 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 (Boe/d), including 38,502 barrels per...
Extraction Lowers 2020 Capex 54%; Execs Taking 10% Pay Cut
Extraction Oil & Gas Inc. has announced reductions to its capital and G&A budgets. 2020 Budget Cut (-54%) vs 2019 The company's 2020 upstream capital budget has been reduced by 54% to $250-300 million. CEO Matt...
Extraction Talks Fourth Quarter 2019 Results; Gives 2020 Outlook
Extraction Oil & Gas, Inc. reported financial and operational results for the fourth-quarter and full-year ended December 31, 2019. 2020 Capital Program, Production and Operating Expense Guidance During the first-quarter 2020, Extraction sold a substantial portion...
Extraction CEO Departs Company; Owen Takes Helm
Extraction Oil & Gas, Inc. announced that Mark Erickson, Chief Executive Officer and Chairman of the Board, is departing from the Company. Matt Owens has been named permanent CEO and will also maintain his roles as...
Reports: Extraction Oil & Gas Cuts Staff
Extraction Oil & Gas has launched cuts to its Colorado staff, according to the Denver Business Journal. The cuts will affect 20% of its workforce (or approximately 60 employees). Extraction's operations are focused on the DJ...
Extraction Cuts 2019 Capex 15%; IDs 2020 Plans, Q3 Results
Extraction Oil & Gas, Inc. reported its Q3 2019 results and preliminary 2020 outlook. Preliminary 2020 Guidance Highlights - $510 - $580 million capital budget, including $450 - $500 million for D&C D&C capex is down...
Elevation Midstream IDs 2020 Budget; Puts Badger Gathering Facility Online
Extraction Oil & Gas, Inc. subsidiary, Elevation Midstream LLC, has begun moving crude oil, natural gas and water through its Badger central gathering facility (CGF). Extraction also provided 2020 capital budget guidance for Elevation. Extraction President...
Extraction Adds New Member to Board
Extraction Oil & Gas Inc. 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...
Extraction Oil & Gas CFO Departs; Successor Named
Extraction Oil & Gas, Inc. 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...