Yorktown-backed Extraction Oil & Gas IPO could fetch $550M
October 03, 2016
Energy Exploration | Denver, CO | IPO
Extraction Oil & Gas plans to list shares on the NASDAQ under the symbol XOG and price its IPO between $15 and $18. A midpoint pricing of its 33.3 million shares would raise $550 million for the Denver-Julesburg basin-based exploration company. Extraction Oil & Gas is backed by Yorktown Partners (36.3% pre-IPO stake) along with BlackRock (6%) and Neuberger Berman (5.7%).