S&P Global Ratings improves Ranger Oil


HOUSTON, TX/ACCESSWIRE/May 27, 2022/ Ranger Oil Corporation (NASDAQ:ROCC) (the “Company”) today announced that S&P Global Ratings has upgraded the Company’s issuer credit rating to “B” with a stable outlook and moved the rating from its senior unsecured debt at “B+”.

Darrin Henke, President and CEO, said, “It’s great to see our hard work to strengthen our capital structure and liquidity being recognized by our rating agencies. Our future is bright because we have a strong balance sheet, a deep inventory of high-return opportunities, strong free cash flow and a clear framework for returning money to our shareholders.

About Ranger Oil Corporation
Ranger Oil Corporation is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs and natural gas, with operations in the Eagle Ford Shale in South Texas. For more information, please visit our website at www.rangeroil.com.

Forward-looking statements
Certain statements contained herein that are not descriptions of historical facts are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act. of 1934, as amended. Because these statements involve risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by these forward-looking statements. Additional information regarding these and other factors may be found in press releases and Company filings with the SEC. Many of the factors that will determine the Company’s future results are beyond management’s or the Board’s ability to control or predict. Readers should not place undue reliance on forward-looking statements, which reflect the opinions of management only as of the date hereof. The statements contained in this press release speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements, or to make other forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. ‘required.

Investor Relations
Telephone: (713) 722-6540
E-mail: [email protected]

THE SOURCE: Ranger Oil Corporation

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