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home / news releases / XOG - Bonanza Creek And Extraction Oil & Gas Combine To Create The Largest Pure Play DJ Basin Producer

XOG - Bonanza Creek And Extraction Oil & Gas Combine To Create The Largest Pure Play DJ Basin Producer

Extraction Oil & Gas Inc.
  • Bonanza Creek and Extraction Oil & Gas are combining to create Civitas Resources.
  • The combined company will be owned 50/50 by Bonanza Creek and Extraction shareholders.
  • Combined net debt (as of early April 2021) is around $225 million.
  • At strip prices it should end up with a decent amount of net cash (around $100 million) by the end of 2021.

For further details see:

Bonanza Creek And Extraction Oil & Gas Combine To Create The Largest Pure Play DJ Basin Producer
Stock Information
Company Name: Extraction Oil & Gas Inc.
Stock Symbol: XOG
Market: NASDAQ
Website: extractionog.com
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