Announced
Completed
Financials
Tags
Private
Friendly
United States
oil and gas company
Integrated Oil and Gas
Infrastructure
Acquisition
Domestic
Majority
Single Bidder
Completed
Synopsis
Civitas Resources, an independent, domestic oil and gas producer, completed the acquisition of the Midland Basin assets from Vitol-backed Vencer Energy, an oil and gas company that invests in and operates large producing assets, for $2.1bn. “Civitas now holds high-quality, scaled asset positions in both the Permian and DJ basins. Our assets, in combination with our strong balance sheet and low-cost structure, place us in a solid position to continue to deliver the industry’s best shareholder cash return program over the long term,” Chris Doyle, Civitas President & CEO.
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