(Yahoo Finance) – Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin in Colorado, which could be valued at more than $4 billion, Bloomberg News reported on Wednesday. The company is working with a financial adviser to gauge buyer interest and would be open to divesting fully from the
Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Civitas Resources, Inc. is an independent, domestic oil and gas producer focused on development of its premier assets in the Denver-Julesburg (DJ) and Permian Basins. Civitas has a proven business model
World Oil (WO) – In its Full Year 2023 financial results, Civitas Resources revealed it increased production in the Permian and DJ basins in Q4 2023. It also unveiled plans to continue drilling momentum at the assets in 2024. 2024 outlook. In the report, the company maintained its previously-provided 2024 production guidance and decreased its estimated 2024 capital expenditures by
Oil and Gas 360 Acquisition increases Free Cash Flow and balances portfolio between Permian and DJ Basins DENVER–(BUSINESS WIRE)– Civitas Resources (NYSE: CIVI) (“Civitas”) today signed an agreement with Vencer Energy (“Vencer”), a Vitol investment, to acquire oil producing assets in the Midland Basin of west Texas for a total consideration of approximately $2.1 billion, subject to customary terms, conditions, and
Oil and Gas 360 Highly accretive acquisitions to balance portfolio, create immediate scale, and enhance capital allocation flexibility DENVER–(BUSINESS WIRE)– Civitas Resources (NYSE: CIVI) (“CIVI” or the “Company”) today announced the signing of two definitive agreements to acquire oil producing assets in the Midland and Delaware Basins of west Texas and New Mexico. The agreements were signed with affiliates of Hibernia
Publisher’s Note: View EnerCom Dallas-The Energy Investment & ESG Conference® replays free for a limited time. Operational expertise, aggressive sustainability practices, and shared community values reach new levels at Civitas, a company born by bringing together decades of operational experience in the DJ Basin. Civitas is Colorado’s largest pure play oil and natural gas producer. With a premier DJ Basin
Oil and Gas 360 Publisher’s Note: Civitas Resources will be the lunch Keynote speaker at EnerCom Dallas on Wednesday, April 19, 2023 at Hotel Crescent Court. Please register to join us. DENVER–(BUSINESS WIRE)– Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today announced that Hodge Walker has been appointed Chief Operating Officer, effective April 5, 2023. He will replace Matt
Announces $1 Billion Share Repurchase Authorization and Declares Fixed-plus-Variable Dividend to …
Enhances Civitas’ Scale and Synergy Potential, with Addition of Crestone’s Highly Complementary and Adjacent Assets Crestone Operations Support Civitas’ Commitment to Achieve Net-Zero Emissions DENVER, June 07, 2021 (GLOBE NEWSWIRE) — Civitas Resources, Inc. (“Civitas” or the “Company”), a Colorado energy leader that will be formed upon closing of the recently-announced merger of Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza
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