Bonanza Creek Energy, Inc. (NYSE:BCEI) ("Bonanza Creek" or the "Company") and Extraction Oil & Gas, Inc. (NASDAQ:XOG) ("Extraction") today announced the closing of their merger and subsequent acquisition of Crestone Peak Resources ("Crestone Peak"). 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 combined company has now formally been rebranded Civitas Resources, Inc. ("Civitas") and will commence public trading on the NYSE under the ticker "CIVI" on November 2, 2021. Upon closing, Civitas became the largest pure-play energy producer in Colorado's

DENVER, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ:XOG) ("Extraction" or the "Company") 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 NGLsCrude oil, natural gas and NGL sales revenue of $261 million for the third quarter of 2021 compared to $158 million for the third quarter of 2020 for the Predecessor company1 representing an increase of $103 million, driven primarily by higher crude oil, natural gas and NGL pricesOn October 29, 2021, the

DENVER, May 24, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ:XOG) ("Extraction" or the "Company") 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 2021 (Successor and Predecessor company periods combined(1)) compared to $165 million for the Predecessor company for the first quarter of 2020 Announced merger agreement with Bonanza Creek on May 10, 2021 Financial Results For the first quarter, Extract

NEW YORK, NY / ACCESSWIRE / May 14, 2021 / Extraction Oil & Gas, Inc. (NASDAQ:XOG) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 14, 2021 at 10:00 AM Eastern Time.To listen to the event live or access a replay of the call - visit https://www.investornetwork.com/event/presentation/78208To receive updates for this company you can register by emailing [email protected] or by clicking get investment info from the company's profile.About Investor NetworkInvestor Network (IN) is a financial content community, serving millions of unique investors market information, earnings, commentary and news on what's trending. Dedicated to both the

DENVER, May 10, 2021 /PRNewswire/ -- Bonanza Creek Energy, Inc. (NYSE:BCEI) ("Bonanza Creek") and Extraction Oil & Gas, Inc. (NASDAQ:XOG) ("Extraction"), 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, Inc. ("Civitas"), will be the largest pure-play energy producer in Colorado's Denver-Julesburg (DJ) Basin, with an aggregate enterprise value of approximately $2.6 billion (based on the closing share prices of Bonanza Creek and Extraction on May 7, 2021). TRANSAC

DENVER, May 10, 2021 (GLOBE NEWSWIRE) -- Bonanza Creek Energy, Inc. (NYSE:BCEI) ("Bonanza Creek") and Extraction Oil & Gas, Inc. (NASDAQ:XOG) ("Extraction"), 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, Inc. ("Civitas"), will be the largest pure-play energy producer in Colorado's Denver-Julesburg (DJ) Basin, with an aggregate enterprise value of approximately $2.6 billion (based on the closing share prices of Bonanza Creek and Extraction on May 7, 2021). TRANSACTION HIGHLIGHTS The merger will create a leading energy producer in Colorado's DJ Basin, a basin characterized

DENVER, April 26, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ:XOG) ("Extraction" or the "Company") 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 ("NGLs"), for the three months ended March 31, 2021Realized prices of approximately $54.61/Bbl for crude oil, $8.47/Mcf for natural gas and $24.13/Bbl for NGLs for the three months ended March 31, 2021Incurred approximately $31 million in capital expenditures during the quarter drilling 11 gross (6.1 net) wells with an avera

DENVER, March 18, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas (NASDAQ: XOG) (“Extraction” or the “Company”) 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 (Boe/d), of which 37% was crude oil and 62% total liquids, for the three months ended December 31, 2020. Average net sales volumes for the year ended December 31, 2020, were 88,907 Boe/d, of which 39% was crude oil and 63% total liquids.Emerged from financial restructuring with total debt of $265 milli

DENVER, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas (NASDAQ: XOG) (“Extraction” or the “Company”) 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 (36-38% oil)D&C capex $140-180MMLand net capex $10-20MMLease operating expense $2.25-2.75/BoeRecurring cash G&A expense $29-31MMProduction tax expense 8-9% of Rev-T&MT&M expense (beginning 2Q21) $2.25-2.75/BoeWTI differential (beginning 2Q21) $5.00-5.50/Bbl Low cash G&A reflects in part the adoption of leading-edge, primarily stock-based

Bonanza Creek Energy, Inc. (NYSE:BCEI) ("Bonanza Creek" or the "Company") and Extraction Oil & Gas, Inc. (NASDAQ:XOG) ("Extraction") today announced the closing of their merger and subsequent acquisition of Crestone Peak Resources ("Crestone Peak"). 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 combined company has now formally been rebranded Civitas Resources, Inc. ("Civitas") and will commence public trading on the NYSE under the ticker "CIVI" on November 2, 2021. Upon closing, Civitas became the largest pure-play energy producer in Colorado's

DENVER, May 24, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ:XOG) ("Extraction" or the "Company") 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 2021 (Successor and Predecessor company periods combined(1)) compared to $165 million for the Predecessor company for the first quarter of 2020 Announced merger agreement with Bonanza Creek on May 10, 2021 Financial Results For the first quarter, Extract

DENVER, March 18, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas (NASDAQ: XOG) (“Extraction” or the “Company”) 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 (Boe/d), of which 37% was crude oil and 62% total liquids, for the three months ended December 31, 2020. Average net sales volumes for the year ended December 31, 2020, were 88,907 Boe/d, of which 39% was crude oil and 63% total liquids.Emerged from financial restructuring with total debt of $265 milli

DENVER, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas (NASDAQ: XOG) (“Extraction” or the “Company”) 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 (36-38% oil)D&C capex $140-180MMLand net capex $10-20MMLease operating expense $2.25-2.75/BoeRecurring cash G&A expense $29-31MMProduction tax expense 8-9% of Rev-T&MT&M expense (beginning 2Q21) $2.25-2.75/BoeWTI differential (beginning 2Q21) $5.00-5.50/Bbl Low cash G&A reflects in part the adoption of leading-edge, primarily stock-based

SC 13D/A - Extraction Oil & Gas, Inc. (0001655020) (Subject)

Wells Fargo reiterated coverage of Extraction Oil & Gas with a rating of Overweight and set a new price target of $67.00 from $75.00 previously

Wells Fargo reiterated coverage of Extraction Oil & Gas with a rating of Overweight and set a new price target of $69.00 from $51.00 previously

Wells Fargo upgraded Extraction Oil & Gas from Underweight to Overweight and set a new price target of $38.00