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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

Report Date Amount (MM) Description
2022-03-01 $300.00

Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal

Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal

Report Date Amount (MM) Description
2022-03-01 $300.00

Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal

Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal

Report Date Amount (MM) Description
2021-11-01 $1,400.00

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

Report Date Amount (MM) Description
2021-11-01 $1,310.00

Bonanza Creek Continues D-J Basin Consolidation with Crestone Peak Deal

Bonanza Creek Continues D-J Basin Consolidation with Crestone Peak Deal

Report Date Amount (MM) Description
2021-11-01 $1,310.00

Bonanza Creek Continues D-J Basin Consolidation with Crestone Peak Deal

Bonanza Creek Continues D-J Basin Consolidation with Crestone Peak Deal

Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2022-04-21 Civitas Resources Inc. Redemption $100.00

Gave notice of its intent to redeem in full the $100 million in aggregate principal amount of its…

Report Date Type Amount (MM) Description
2022-04-21 Civitas Resources Inc. Debt $1,000.00

Entered into an amendment to its senior secured revolving credit facility under which the borrowing base…

Report Date Type Amount (MM) Description
2021-10-05 Bonanza Creek Energy Inc. Debt $400.00

Priced a private placement to eligible purchases of new 5.000% senior notes due 2026. Proceeds will be…

Report Date Type Amount (MM) Description
2021-04-05 Bonanza Creek Energy Inc. Debt $100.00

Issued new senior unsecured notes due 2026 at closing of its merger with HighPoint Resources Corp.

Report Date Type Amount (MM) Description
2019-12-02 Bonanza Creek Energy Inc. Debt $375.00

Bonanza Creek Energy Inc.'s lenders under its senior secured credit facility have…

Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
Report Date Type Amount (MM) Description
2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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News

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.

Fury Road: Will $450MM Battalion M&A Fuel More Go-private Deals?

Delaware Basin E&P Battalion Oil is being acquired in a go-private transaction by a newly formed E&P Fury Resources. Could go-private sales become more common for small E&Ps with limited runway in the public markets?

Analysis: Will $2.7B Tokyo Gas-Rockcliff Deal Reopen Natgas M&A?

The Lower 48 has seen a whirlwind of oil and gas M&A this year, including a historic volume of transactions across the Permian Basin. After Tokyo Gas Co.’s $2.7 billion bid to acquire Haynesville E&P Rockcliff Energy II, could the window for natural gas deals be reopening?

Analysts: Permian Basin Rigs Plummeted on Record Upstream M&A

A land grab for top-quality drilling locations fueled record Permian Basin M&A activity in 2023. To preserve inventory, E&Ps are radically slashing drilling activity on their new assets, East Daley Analytics reports.

Private Equity Exits Hit Five-year High with Occidental Deal for CrownRock

By value, Occidental Petroleum’s Dec. 11 deal for CrownRock, combined with other private-equity exits, totaled about $30 billion in 2023.

ProPetro CEO: Next-gen Equipment Demand High Despite Market Headwinds

As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.

Civitas Resources Not Looking to Acquire for Now

As Civitas Resources concentrates on integrating three acquisitions from this year, an analyst said the Colorado E&P’s assimilations are going “swimmingly.”