Ranger oil buyback, debt goals reached
Ranger oil buyback, debt goals reached
Ranger Oil Corporation ("Ranger" or the "Company") (NASDAQ: ROCC) today announced that the Company has reduced its leverage to its previously stated target, and its Board of Directors approved a $100 million share repurchase program. As of March 31, 2022, Ranger had a net debt(1) balance of approximately $521.6 million, down approximately $64.9 million (11%) from its net debt(1) balance as of December 31, 2021.