Report

Moody's announces completion of a periodic review of ratings of Extraction Oil and Gas, Inc.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Extraction Oil and Gas, Inc.. Global Credit Research- 25 Oct 2019. New York, October 25, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Extraction Oil and Gas, Inc. and other ratings that are associated with the same analytical unit.
Underlying
Extraction Oil & Gas Inc.

Extraction Oil & Gas is an independent oil and gas company focused on the acquisition, development, and production of oil, natural gas, and natural gas liquid (NGL) reserves, as well as the construction and support of midstream assets to gather and process crude oil and gas production in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado. The company is primarily focused on developing its proved reserves and production primarily through the development of its inventory of identified liquids-rich horizontal drilling locations in the DJ Basin.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
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    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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