Extraction Oil & Gas Prices IPO at $15.00-$18.00 Per Share (XOG)
In the last 12 months, Extraction Oil & Gas generated $215.5 million in revenue and had a net loss of $163.7 million.
Credit Suisse, Barclays, Goldman Sachs and Citigroup acted as the underwriters for the IPO and KeyBanc Capital Markets, RBC Capital Markets, SunTrust Robinson Humphrey, Wells Fargo Securities, ABN AMRO, BOK Financial Securities, Fifth Third Securities, Heikkinen Energy Advisors, Stephens and Tudor, Pickering, Holt were co-managers.
Extraction Oil & Gas provided the following description of their company for its IPO: “We are an independent oil and gas company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Rocky Mountains, primarily in the Wattenberg Field of the DJ Basin of Colorado. The Wattenberg Field has been producing since the 1970s and is a premier North American oil and natural gas basin characterized by high recoveries relative to drilling and completion costs, high initial production rates, long reserve life and multiple stacked producing horizons. We have assembled, as of June 30, 2016, approximately 100,000 net acres of large, contiguous acreage blocks in some of the most productive areas of the Wattenberg Field as indicated by the results of our horizontal drilling program and the results of offset operators. “.
Extraction Oil & Gas was founded in 2012 and has 120 employees. The company is located at 370 17th Street, Suite 5300, Denver, CO 80202. US and can be reached via phone at (720) 557-8300 or on the web at https://www.extractionog.com.
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