Civitas Resources is set to expand its footprint in the Midland Basin, US, with the acquisition of Vencer Energy’s oil-producing assets in a deal valued at approximately $2.1 billion. This strategic move grants Civitas Resources access to an estimated 400 gross development locations, primarily located in the Spraberry and Wolfcamp formations in west Texas. The […]
In a massive $4.7 billion agreement, Denver-based energy company Civitas Resources expands its oil-producing assets into the Permian Basin in the US. The purchase involves acquiring assets in the Midland and Delaware Basins from affiliates of Hibernia Energy III and Tap Rock Resources, both portfolio companies under NGP Energy Capital Management. The deals, set to […]
