Denver-based Civitas Resources Inc. is expanding into the Permian Basin through a pair of debt, stock and cash-funded acquisitions valued at roughly $4.7 billion combined, management said Tuesday. Civitas, heretofore the largest Denver-Julesburg (DJ) Basin pure-play natural gas and oil producer, signed the deals with private equity-backed Hibernia Energy III LLC and Tap Rock Resources…
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Articles from Civitas
Civitas Builds Natural Gas, Oil Drilling Inventory in Colorado’s DJ
Denver-based Civitas Resources Inc., the largest producer in the Denver-Julesburg (DJ) Basin, has already secured most planned drilling permits for 2022, the management team said recently. “We’re over 90% permitted for the year,” Civitas’ COO Matt Owens told analysts during the earnings call to discuss first quarter results. Civitas last year completed its takeover of…
May 9, 2022
Civitas Grabs Bigger DJ Foothold with Takeover of Bison Oil
Denver-based Civitas Resources Inc., the largest oil and natural gas producer in the Denver-Julesburg (DJ) Basin, has added another trophy to its portfolio by snapping up Bison Oil & Gas II LLC in a cash-and-stock swap worth an estimated $346 million. Once the transaction is completed, now expected by the end of March, the takeover…
February 9, 2022
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