
Matthew Staver, Bloomberg
This 2014 file photo shows an Extraction Oil and Gas drilling rig outside of Windsor. Getting your player ready...
Denver-based Extraction Oil & Gas set a price of $19 a share for its initial public offering on Tuesday, above the $15 to $18 a share range the company had expected to receive.
The company offered 33.3 million shares to the public, with underwriters having rights to sell another 5 million shares if demand proves stronger than expected.
The offering raised more than $630 million, which Extraction said it would use to pay down a revolving credit line and to fund its .
Shares of Extraction are expected to start trading Wednesday on the Nasdaq exchange under the ticker XOG.



