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WS - Extraction Oil & Gas Highlights - October 8, 2019
Extraction Oil & Gas has set 2020 capex at $30-40 million, down from $650-700 million in 2019. This will allow the company to be cash flow positive in 4Q19 and in 2020. In addition, subsidiary Elevation Midstream’s Badger central gathering system has begun moving crude oil, gas and water. Badger is now transporting volumes from the first wells on Elevation’s Intercharge pad in the Broomfield area of the DJ Basin, as well as the......
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