Extraction Oil & Gas layoffs, on the record
Every job cut, severance charge and restructuring Extraction Oil & Gas reported in its annual reports, 2018 to 2020, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company entered into a Restructuring Support Agreement with certain Senior Notes holders to support a financial restructuring of its debt and equity through Chapter 11.
Word for word“On June 14, 2020, we also entered into the Restructuring Support Agreement (“RSA”) with certain holders of our Senior Notes to support a restructuring in accordance with the terms set forth therein.” 10-K for 2020
Our summaryThe company reported large reorganization costs from its Chapter 11 restructuring activities in 2020, with none the year before.
Word for word“For the year ended December 31, 2020, we incurred $676.9 million of reorganization items net as compared to none in 2019.” 10-K for 2020
Extraction Oil & Gas has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Extraction Oil & Gas’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2021-03-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.