NEW YORK, Oct. 12, 2016 (GLOBE NEWSWIRE) — Extraction Oil & Gas, Inc. (Nasdaq:XOG), an independent oil and gas company focused on the acquisition, development and production of oil, natural gas and natural gas liquids reserves in Denver-Julesburg Basin of Colorado, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
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Extraction Oil & Gas was created in December 2012 and has assembled a strong technical team with years of experience in horizontal drilling and completion operations. The company takes an innovative, forward-looking approach to developing energy supplies, using cutting-edge technology to operate safely and responsibly.
”We are very pleased and honored to be here to celebrate this historic milestone for our company,” said Mark Erickson, Chairman and CEO, Extraction Oil & Gas. “We founded this company with the belief that we could become a leader in innovative and responsible oil and gas development in Colorado, and being here today is evidence that we have achieved that objective and even beyond.”
“We are extremely proud that Extraction Oil & Gas has chosen Nasdaq as their listing partner, joining many other game changers in the energy sector,” said Adena Friedman, President and COO, Nasdaq. “This also marks one of the largest energy IPOs since 2015, and the largest energy IPO in 2016, in terms of proceeds raised and market capitalization. We look forward to supporting the company as they continue to revolutionize oil and gas development in the U.S. and strive to deliver sustainable energy solutions.”
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