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
Great Expectations Continue to Round Out a Big Year in A&D
At least $1.8 billion in A&D transactions have taken place already in 2024.
Powder River E&P Peak Resources Prices IPO, to Test Markets as MLP
Powder River Basin E&P Peak Resources expects to raise more than $57 million in net proceeds and follows a number of companies that have gone public or intend to test the public markets.
‘Worried’ E&Ps Keep Merging as Shale Ages, Costs Rise—Kimmeridge
With just half as many public E&Ps around today as there were in 2017, Kimmeridge and Managing Partner Ben Dell think the E&P space still has—and needs—plenty more M&A.
Despite Low Prices, Thrifty, Efficient E&Ps Keep Distributions Flowing
Even with lower commodity prices, producers have maintained healthy shareholder returns through dividends and buybacks thanks to M&A, drilling efficiencies and capital discipline.
Vitol CEO: US Shale Gas Growing Source of Shipping, Trucking Fuel
International commodities trading house Vitol sees growing demand for U.S. shale gas to spur LNG exports to China, India and emerging economies in Asia.
Jack Vaughn-Led Peak Resources Files for Powder River Basin IPO
Peak Resources LP, a Powder River Basin E&P led by industry veteran Jack E. Vaughn, is positioning itself for an IPO, filings show.
Civitas: 4-mile Colorado Laterals A ‘Competitive Edge’ in D-J Basin
Civitas Resources poured billions of dollars into Permian M&A, but the company still sees room to run in its foundational portfolio in Colorado.
Civitas’ 4-Mile D-J Basin Wells See ‘Quite Compelling’ Returns
Civitas Resources is all-in on the Permian after pumping nearly $7 billion into M&A in the basin last year. But Civitas is drilling longer wells on its legacy Colorado assets, too.
The OGInterview: CEO Tom Jorden on Coterra’s ‘Meritocracy of Ideas’
Coterra Energy took an against-the-grain stance on consolidation long before merger mania hit the U.S. E&P space, and it’s paying—to its shareholders—meaningful dividends.
Dividends Declared in the Week of Aug. 2
Here is a selection of dividends declared for the week of Aug. 2 for a selection of upstream, midstream and service & supply companies.
Permian Prowl: Exploratory Drilling, Permitting Up for Permian Barnett Wells
In the never-ending hunt for Permian drilling locations, a growing number of operators are testing wells in less-developed formations and the basin’s extensional fringes.
Beyond Permian? Breaking Down E&Ps’ Second Half M&A Prospects
From Permian Resources and Diamondback Energy to Matador Resources and Civitas Resources, analysts weigh in on upstream companies’ M&A mindset as second-quarter earnings season gets underway.
Hunt Oil Co. Markets DJ, Midcontinent-heavy Minerals Package
Hunt Oil Co., one of the nation’s oldest family-owned oil companies, is marketing minerals and royalties across several major basins.
Kimmeridge’s Mark Viviano on Reshaping the Energy Sector, SilverBow-Crescent Deal
Kimmeridge Energy Engagement Partners’ Mark Viviano says the company is evaluating the Crescent Energy and SilverBow Acquisition and how Kimmeridge played a key role in transforming the shale sector in this Hart Energy Exclusive interview.
Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out
As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.