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Independent Oil Gas

Sure, here is some general information about Independent Oil and Gas, with the stock symbol CRZO, listed on the USA stock exchange.

Independent Oil and Gas, Inc. is a company engaged in the exploration, production, and sale of oil and natural gas in the United States. Based in Houston, Texas, Independent Oil and Gas, Inc was founded in 2017.

As of December 31, 2021, the company had 572 gross (382 net) producing wells, including wells in the producing regions of the Permian Basin in New Mexico and Texas, the Williston Basin and the Eagle Ford Shale in Texas.

In terms of financials, the company's revenue has seen significant growth in recent years, driven primarily by the increasing demand for energy and the rising prices of oil and gas. Last December, the company reported net income of $206.4 million, or $1.21 per diluted share, and Adjusted EBITDAX of $487.3 million. Additionally, the company reported a net cash provided by operating activities of $304.1 million.

Regarding earnings, Independent Oil and Gas, Inc. has consistently outperformed analyst estimates, and the company has also delivered positive earnings surprises in recent quarters. Its latest earnings report shows a 45% year-over-year growth in net income and a 44% increase in production.

Independent Oil and Gas, Inc has also been expanding its operations through strategic acquisitions, recently announcing the acquisition of assets in the DJ Basin in Colorado from ConocoPhillips for $700 million. The acquisition is expected to increase the company's production by over 20%.

In summary, Independent Oil and Gas, Inc. is a fast-growing company in the oil and gas industry, with a strong track record of delivering positive earnings and leveraging strategic acquisitions to expand its operations.

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