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Civitas Resources

Company Summary

Description

Civitas is Colorado’s largest pure play oil and natural gas producer.

Website

https://civitasresources.com/

Operational Regions

  • DJ Basin

Financial Data:

NYSE:BCEI from Google Finance

Tickers:

  • BCEI - New York Stock Exchange

Related Entities

Recent news

  • 2/28/2024 - Civitas Resources to... (subscriber access)
  • 1/3/2024 - Civitas Resources... (subscriber access)
  • 10/10/2023 - Civitas Resources Plans... (subscriber access)
  • 10/4/2023 - Vitol Selling Vencer... (subscriber access)
  • 6/23/2023 - Civitas Resources Prices... (subscriber access)

Investor Presentations

  • 2Q21 Earnings Presentation
  • Civitas and Crestone Peak Acquisition Presentation (subscriber access)
  • April 2021 Investor Presentation (subscriber access)
  • 1Q20 Investor Presentation (subscriber access)
  • 4Q19 Investor Presentation (subscriber access)
  • January 2020 Investor Presentation (subscriber access)
  • November 2019 Investor Presentation (subscriber access)
  • August 2019 Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 4Q18 Earnings Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • March 2018 Investor Presentation (subscriber access)
  • January 2018 Investor Presentation (subscriber access)
  • 3Q17 Investor Presentation (subscriber access)
  • 2Q17 Investor Presentation (subscriber access)
  • Bankruptcy Emergence Presentation (subscriber access)

Company Transactions

Date: 9/30/2021
Type: Merger

NOTES:
Bonanza Creek and Extraction Oil & Gas have announced an all-stock merger of equals in the DJ Basin, with an enterprise value of $2.6 billion. The merger would create the largest pure-play DJ Basin company with 425,000 net acres and 117 Mboe/d in 1Q21 production. The merged company would be renamed Civatas Resources, Inc.
REGIONS:
  • DJ Basin
  • Date: 9/30/2021
    Type: Acquisition

    NOTES:
    Civitas Resources, the newly formed entity stemming from a merger between Bonanza Creek and Extraction OIl & Gas, has reached a deal to acquire Crestone Peak Resources. Civitas will issue 22.5 million shares of Bonanza Creek for 100% of Crestone's equity interests. Upon closing, Bonanza/Extraction shareholders will each own 37% of Civitas while Crestone holds 26%.
    REGIONS:
  • Rockies
  • DJ Basin
  • Date: 4/5/2021
    Type: Acquisition

    DETAILS:

    COST: 376 $MM

    NOTES:
    Bonanza Creek has entered into a merger agreement to acquire HighPoint Resources Corp. for $376 million, including debt. Bonanza will issue 9.8 million shares of stock and $100 million in senior secured notes in the transaction. The deal will close contingent on HighPoint's emergence from Chapter 11 in the first quarter of 2021. Bonanza will own 68% of the firm, HighPoints stakeholders 32% and existing HighPoint shareholders will have 1.6% of the combined firm.
    REGIONS:
  • DJ Basin
  • Date: 3/3/2021
    Type: Acquisition

    DETAILS:

    VOLUMES: 9 MBOE/d

    NOTES:
    Civitas Resources in Colorado has announced that it has closed on its acquisition of the Denver-Julesburg Basin, operator Bison Oil & Gas II. The Denver-Julesburg Basin acquisition will enhance Civitas production by 9 Mboe/d, of which 75% is in oil and 90% is in liquids,
    REGIONS:
  • DJ Basin
  • Date: 8/7/2018
    Type: Acquisition

    DETAILS:

    COST: 117 $MM

    VOLUMES: 3 MBOE/d

    ACRES: 11000 Acres

    REGIONS:
  • Cotton Valley Play
  • Midcontinent