Extraction Oil & Gas, Inc. provided preliminary operational results for the third quarter of 2018. During the third quarter, Extraction reached total depth on 41 gross (30 net) wells with an average lateral length of approximately 9,700 feet and completed 31 gross (26 net) wells with an average lateral length of approximately 6,500 feet. The Company turned to sales 71 gross (61 net) wells with an average lateral length of approximately 9,600 feet.

For the full-year 2018, the company expects to drill between 168 and 173 gross wells with an average lateral length of 1.8 miles and an average working interest of 85%, complete between 170 and 175 gross wells with an average lateral length of 1.7 miles and an average working interest of 90%, and turn to sales between 163 and 168 gross wells with an average lateral length of 1.6 miles and an average working interest of 87%.

The company expects tightness on DCP's midstream system in the northern portion of the Wattenberg field will persist with limited relief after DCP's Plant 11 is placed into service during the second quarter of 2019. As a response, Extraction's planned drilling and completion (D&C) capital expenditures of $650 - $700 million in 2019 are expected to generate approximately 15% year-over-year crude oil production growth while generating free cash flow for the full year.