Civitas Resources Inc.
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About
Civitas Resources, Inc. is Colorado’s first carbon-neutral oil and gas producer and is focused on developing and producing crude oil, natural gas and natural gas liquids in Colorado’s Denver-Julesburg Basin. The company is committed to pursuing compelling economic returns and cash flow while delivering best-in-class cost leadership and capital efficiency. Civitas is dedicated to safety, environmental responsibility, and implementing industry leading practices to create a positive local impact.
The company formerly rebranded upon closing of the merger of Bonanza Creek Energy and Extraction Oil & Gas on Nov. 1.
Editor's note: Updated Dec. 1, 2022.
Transactions
Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal
Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal
Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal
Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal
Bonanza Creek, Extraction Merger to Create Largest Pure-play D-J Basin Producer
Bonanza Creek, Extraction Merger to Create Largest Pure-play D-J Basin Producer
Bonanza Creek Continues D-J Basin Consolidation with Crestone Peak Deal
Bonanza Creek Continues D-J Basin Consolidation with Crestone Peak Deal
Bonanza Creek Continues D-J Basin Consolidation with Crestone Peak Deal
Bonanza Creek Continues D-J Basin Consolidation with Crestone Peak Deal
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New Financings
Gave notice of its intent to redeem in full the $100 million in aggregate principal amount of its…
Entered into an amendment to its senior secured revolving credit facility under which the borrowing base…
Priced a private placement to eligible purchases of new 5.000% senior notes due 2026. Proceeds will be…
Issued new senior unsecured notes due 2026 at closing of its merger with HighPoint Resources Corp.
Bonanza Creek Energy Inc.'s lenders under its senior secured credit facility have…
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News
Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space
Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.
IOG Resources Acquires Interests from Civitas
IOG Resources acquired interests in the Denver-Julesburg Basin from Civitas Resources.
Decoding the Delaware: How E&Ps Are Unlocking the Future
The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
Mighty Midland Still Beckons Dealmakers
The Midland Basin is the center of U.S. oil drilling activity. But only those with the biggest balance sheets can afford to buy in the basin's core, following a historic consolidation trend.
Exxon, Vitol Execs: Marrying Upstream Assets with Global Trading Prowess
Global commodities trading house Vitol likes exposure to the U.S. upstream space—while supermajor producer Exxon Mobil is digging deeper into its trading business, executives said at CERAWeek by S&P Global.
Kimmeridge Activates on SilverBow: A Battle for South Texas Gas
Investment firm Kimmeridge is looking for more natural gas production for its own E&P to participate in the Gulf Coast LNG market. SilverBow Resources has gas.
Making Bank: Top 10 Oil and Gas Dealmakers in North America
MergerLinks ranks the key dealmakers behind the U.S. biggest M&A transactions of 2023.
Sitio Royalties Dives Deeper in D-J with $150MM Acquisition
Sitio Royalties is deepening its roots in the D-J Basin with a $150 million acquisition—citing regulatory certainty over future development activity in Colorado.
Civitas, Prioritizing Permian, Jettisons Non-core Colorado Assets
After plowing nearly $7 billion into Permian Basin M&A last year, Civitas Resources is selling off non-core acreage from its legacy position in Colorado as part of a $300 million divestiture goal.
Analysts: APA Takes Callon Off Board as Permian M&A Wave Hits ‘24
APA and its subsidiary Apache Corp. are plucking Callon Petroleum off the board for $4.5 billion in stock as a historic wave of Permian consolidation enters a new year.
Civitas Resources Closes $2.1 Billion Vencer Energy Deal
Civitas Resources’ acquisition of the Permian Basin’s Vencer Energy will account for half of Civitas’ total production.
After Record Year, Permian Basin Set for Even More M&A in 2024
The big have grown bigger and Tier 1 acreage is even pricier in America’s hottest oil basin.
Shale Outlook: Scarce Inventory to Drive Upstream M&A in ‘24
Permian Basin well productivity has trended down. Top-tier drilling locations are scarce. Capital is at a premium. E&Ps need low-cost inventory and scale, and they’re willing to pay big bucks to get them.