Civitas Resources completed the acquisition of the Midland Basin assets from Vitol-backed Vencer Energy for $2.1bn.

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.