XOG

Bonanza Creek and Extraction Announce Closing of Merger and Subsequent Acquisition of Crestone Peak

Retrieved on: 
Lundi, novembre 1, 2021
Oil, Gas, Energy, Safety, BCEI, Extraction, Carbon, Foreign policy, Security (finance), XOG, NASDAQ, U.S. Securities and Exchange Commission, ESG, NYSE, Leadership, Crestone, Board, CEO, Crestone Peak, Policy, Acquisition, Bonanza Creek, Heart, Management

Bonanza Creek Energy, Inc. (NYSE: BCEI) ("Bonanza Creek" or the Company) and Extraction Oil & Gas, Inc. (NASDAQ: XOG) (Extraction) today announced the closing of their merger and subsequent acquisition of Crestone Peak Resources (Crestone Peak).

Key Points: 
  • Bonanza Creek Energy, Inc. (NYSE: BCEI) ("Bonanza Creek" or the Company) and Extraction Oil & Gas, Inc. (NASDAQ: XOG) (Extraction) today announced the closing of their merger and subsequent acquisition of Crestone Peak Resources (Crestone Peak).
  • The transactions were overwhelmingly approved, with over 99.9% of the votes cast by Bonanza Creek stockholders and over 99.9% of the votes cast by Extraction stockholders voting in favor.
  • Upon closing, Civitas became the largest pure-play energy producer in Colorados DJ Basin, and the states first carbon neutral oil and gas company.
  • The Civitas board of directors is now composed of nine members, four from legacy Bonanza Creek, four from legacy Extraction and one representative from legacy Crestone.

Extraction Provides Preliminary Financial And Operational Results for Third-Quarter 2021

Retrieved on: 
Jeudi, octobre 28, 2021
Securities Act of 1933, Extraction, Public expenditure, Proxy statement, Transaction, Person, XOG, NGL, Private Securities Litigation Reform Act, NASDAQ, Suite, Atlas, Telephone, Sumathi Best Television Current Reporting Award, SEC, Risk, Forward-looking statement, Company, Crestone, Investor relations, Crestone Peak, Transport, Beneficial ownership, News, Bonanza Creek, GLOBE, Sale, Securities Exchange Act of 1934, Proxy, Natural gas, Oil, Airline, Security (finance)

DENVER, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ: XOG) (Extraction or the Company) today reported certain preliminary financial and operational results for the third quarter of 2021.

Key Points: 
  • DENVER, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (NASDAQ: XOG) (Extraction or the Company) today reported certain preliminary financial and operational results for the third quarter of 2021.
  • Transportation and gathering expense was $20.8 million ($3.05/Boe) compared to $50.2 million ($6.26/Boe) for the same time period.
  • Extraction ended the third quarter with $95 million of cash and cash equivalents on its balance sheet and no borrowings outstanding under its revolving credit facility.
  • Extraction Oil & Gas is a Denver-based independent energy company differentiated by its financial, operational and governance model.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates ESBK, TGP, XOG, SAFM; Shareholders are Encouraged to Contact the Firm

Retrieved on: 
Jeudi, octobre 7, 2021
NASDAQ, Sanderson Farms, ContiGroup Companies, Fraud, XOG, GLOBE, Teekay, Bonanza Creek, Community Bank, N.A., SAFM, Advertising, NYSE, Extraction, Cargill, Sale, Security (finance)

If you are a Teekay LNG shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Teekay LNG shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
  • Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options.
  • Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

SHAREHOLDER ALERT: WeissLaw LLP Reminds MMAC, SBBP, HRVSF, and XOG Shareholders About Its Ongoing Investigations

Retrieved on: 
Mardi, juin 22, 2021
Articles, Financial markets, Economy, Corporate finance, Stock market, XOG, Legal entities, Business law, Fiduciary, Mergers and acquisitions, Limited liability partnership, Board of directors

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MMA Capital Holdings, Inc. (NASDAQ: MMAC) in connection with the proposed acquisition of the company by an affiliate of Fundamental Advisors LP.

Key Points: 
  • WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MMA Capital Holdings, Inc. (NASDAQ: MMAC) in connection with the proposed acquisition of the company by an affiliate of Fundamental Advisors LP.
  • Under the terms of the merger agreement, the companys shareholders will receive $27.77 per share in cash.
  • Pursuant to the merger agreement, XOG shareholders will receive 1.1711 shares of Bonanza common stock for each XOG share that they own, representing implied per-share merger consideration of approximately $56.76 based upon Bonanzas June 21, 2021 closing price of $48.47.
  • If you own XOG shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslawllp.com/xog/

SHAREHOLDER ALERT: WeissLaw LLP Reminds MMAC, SBBP, HRVSF, and XOG Shareholders About Its Ongoing Investigations

Retrieved on: 
Mardi, juin 8, 2021
Articles, Financial markets, Economy, Corporate finance, Stock market, XOG, Legal entities, Business law, Fiduciary, Mergers and acquisitions, Limited liability partnership, Board of directors

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MMA Capital Holdings, Inc. (NASDAQ: MMAC) in connection with the proposed acquisition of the company by an affiliate of Fundamental Advisors LP.

Key Points: 
  • WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MMA Capital Holdings, Inc. (NASDAQ: MMAC) in connection with the proposed acquisition of the company by an affiliate of Fundamental Advisors LP.
  • Under the terms of the merger agreement, the companys shareholders will receive $27.77 per share in cash.
  • Pursuant to the merger agreement, XOG shareholders will receive 1.1711 shares of Bonanza common stock for each XOG share that they own, representing implied per-share merger consideration of approximately $55.45 based upon Bonanzas June 7, 2021 closing price of $47.35.
  • If you own XOG shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslawllp.com/xog/

EXTRACTION OIL & GAS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Extraction Oil & Gas, Inc. - XOG

Retrieved on: 
Mercredi, mai 12, 2021
Legal, Professional services, Foti, XOG, KSF, New Orleans, LOUISIANA

b'Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

Key Points: 
  • b'Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
  • and the law firm of Kahn Swick & Foti, LLC (\xe2\x80\x9cKSF\xe2\x80\x9d) are investigating the proposed merger of Extraction Oil & Gas, Inc. (NasdaqGS: XOG) (the \xe2\x80\x9cCompany\xe2\x80\x9d) with Bonanza Creek Energy, Inc. (NYSE: BCEI).
  • Under the terms of the proposed transaction, shareholders of Extraction will receive only 1.1711 shares of Bonanza for each share of Extraction that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.\nIf you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( [email protected] ) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-xog/ to learn more.\nTo learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210512006039/en/\n'

NGL Energy Partners LP / Grand Mesa Pipeline Announce Settlement with Extraction Oil and Gas, Inc.

Retrieved on: 
Lundi, décembre 21, 2020
Oil, Gas, Energy, Mesa Airlines, Bankruptcy, XOG, Grand Mesa, Ion Media, Regions of the United States, Finance, Money

NGL Energy Partners LP (NYSE: NGL) and Grand Mesa Pipeline, LLC, a wholly-owned subsidiary of NGL (Grand Mesa), announced today that Grand Mesa has entered into a settlement agreement with Extraction Oil and Gas, Inc. (NYSE: XOG) as it relates to XOGs bankruptcy proceedings.

Key Points: 
  • NGL Energy Partners LP (NYSE: NGL) and Grand Mesa Pipeline, LLC, a wholly-owned subsidiary of NGL (Grand Mesa), announced today that Grand Mesa has entered into a settlement agreement with Extraction Oil and Gas, Inc. (NYSE: XOG) as it relates to XOGs bankruptcy proceedings.
  • Under the settlement, NGL and Extraction entered into a new term supply agreement, retaining Extractions crude volumes for shipping on the Grand Mesa Pipeline; and Grand Mesa will receive an allowed unsecured claim which it expects to liquidate for cash proceeds.
  • In consideration for this new supply agreement, Grand Mesa, has agreed to support confirmation of XOGs bankruptcy plan, including through the withdrawal of its previously filed objection and pending appeals.
  • The agreements between XOG, NGL and Grand Mesa as described remain subject to approval by the Bankruptcy Court, among other conditions.