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Co-Manager

Extraction Oil & Gas, Inc.

$633.3 Million 10/11/2016 Acquisitions & Divestitures Complete
Public Companies, Financial Sponsors
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Transaction Details

  • On October 11, 2016, Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction” or the
  • “Company”) priced an Initial Public Offering for a deal value of $633.3 million
  • The deal priced 33,333,333 shares of common stock at $19.00 per share
  • The initial filing range was $15.00 - $18.00 per share
  • All shares were primary shares offered by the Company
  • Extraction intends to use (i) $90.0 million of the net proceeds from this offering to redeem in full certain of its convertible preferred securities and (ii) $291.6 million to repay borrowings under its revolving credit facility
  • Extraction will use the remaining net proceeds of $212.5 million for general corporate purposes, including to fund its 2016 and 2017 capital expenditures
  • Stephens Inc. served as a Co-Manager in the Offering

About the company

Extraction is an independent oil and gas company focused on the acquisition, development and production of oil, natural gas and natural gas liquids reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin of Colorado.

Sources: Company filings and publicly available information.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

    The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/1655020/000104746916016093/a2229996z424b4.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.