Extraction Oil & Gas (XOG) Extends, Increases Buyback Plan

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Go back to Extraction Oil & Gas (XOG) Extends, Increases Buyback Plan

Extraction Oil & Gas, Inc. Announces Extension and Increase in its Stock Repurchase Program

April 1, 2019 1:15 PM EDT

DENVER, April 01, 2019 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ: XOG) (Extraction) announced today that the board of directors of Extraction has approved an extension and increase in its ongoing stock repurchase program. The program was originally announced on November 18, 2018, under which Extraction was initially authorized to repurchase up to $100.0 million of its outstanding common stock from time to time in the open market, through negotiated transactions or otherwise. To date under the program, Extraction has repurchased approximately 13 million shares of its common stock for $63 million. Under the extended program, Extraction is authorized to repurchase an incremental $100... More