Extraction Oil & Gas Inc.
Extraction Oil & Gas Inc. announced 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 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 million in common stock from the date of the extension, bringing the total amount authorized to be repurchased to approximately $163 million.