Extraction Oil & Gas, LLC Announces Confidential Submission Of Draft Registration Statement To The SEC

DENVER, July 1, 2016 /PRNewswire/ -- Extraction Oil & Gas, LLC (the "Company") announced today that on May 13, 2016 the Company confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of shares of the Company's common stock.  The number of shares of common stock to be offered and the price range for the offering have not yet been determined.  The Company expects to use the net proceeds from the proposed offering to reduce indebtedness and for general corporate purposes, including to fund the Company's exploration and development program. The offering is expected to commence during the second half of 2016, subject to completion of the SEC review process with respect to the registration statement, as well as to market conditions and other considerations.

This announcement is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Company based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. The Company undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.

About Extraction Oil & Gas, LLC

Extraction Oil & Gas, LLC 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 (the "DJ Basin") of Colorado. 

SOURCE Extraction Oil & Gas, LLC