Extraction Oil & Gas (OTCMKTS:XOGAQ) is an independent upstream energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s primary focus is the Wattenberg Field in the Denver-Julesburg Basin of northeastern Colorado, where it holds significant acreage and operates a large-scale drilling program employing horizontal drilling and hydraulic fracturing techniques to maximize reservoir performance. Extraction also manages midstream infrastructure assets, including gathering pipelines and compression facilities, to ensure efficient delivery of its production to regional markets.
Founded in 2002 and headquartered in Denver, Colorado, Extraction Oil & Gas has evolved from a privately held exploration outfit into a publicly traded company with extensive operations in one of North America’s most prolific onshore basins. The company completed its initial public offering in 2014 and in 2020 successfully emerged from a comprehensive financial restructuring, repositioning its balance sheet and continuing its development activities with a streamlined capital structure. Extraction’s asset base benefits from established well pads, multi-well drilling efficiencies and a commitment to operational and environmental best practices.
Extraction markets its oil, gas and gas liquids production directly to refiners, utilities and industrial consumers across the Rocky Mountain region and beyond. By integrating in-field gathering systems and partnering with third-party processors and pipelines, the company strives to optimize netbacks through reduced transportation costs and enhanced commodity differentials. Continuous reservoir evaluation and technological enhancements underpin Extraction’s efforts to deliver reliable production growth and maintain low unit operating expenses.
Led by a management team with decades of experience in petroleum geology, engineering and corporate finance, Extraction Oil & Gas emphasizes disciplined capital allocation and strong governance. Its board of directors comprises industry veterans focused on sustainable development and stakeholder engagement. With its operational headquarters in Denver and field offices strategically located near core drilling areas, the company remains dedicated to responsible resource development and long-term value creation for its shareholders.
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