Civitas Resources Archives

SM Energy closes $950 million South Texas asset sale

May 1, 2026

(Oil & Gas 360) – Publisher’s Note: SM Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – SM Energy Company has completed the sale of certain South Texas assets for $950 million, advancing the company’s broader portfolio repositioning strategy. The transaction delivers approximately $900 million in net proceeds and represents a major step toward SM Energy’s

SM Energy completes Civitas merger, expands Permian and U.S. shale footprint

January 30, 2026

(World Oil) – SM Energy Company has closed its all-stock merger with Civitas Resources, Inc. following shareholder approval at special meetings held Jan. 27. The combined company will continue operating under the SM Energy name. The transaction creates a larger, oil-focused U.S. independent with a broader footprint across core shale basins, including an expanded position in the Permian Basin. Management has previously outlined plans

Civitas Resources boosts production, lowers costs ahead of SM Energy merger

November 7, 2025

(World Oil)– Civitas Resources Inc. reported strong financial and operating results for the third quarter of 2025, driven by higher production, lower costs, and continued balance sheet strength. The company earned net income of $177 million, generated $860 million in operating cash flow, and achieved Adjusted EBITDAX of $855 million, exceeding internal forecasts. Oil and total production volumes rose 6%

China and Iran seal oil-for-infrastructure deal to bypass U.S. sanctions

October 10, 2025

(Oil Price)– China has formalized a barter-style framework with Iran in which crude oil is exchanged for infrastructure projects (from rail lines and ports to industrial works) rather than cash. The volumes involved are substantial: Beijing already imports an estimated 1.4 to 1.6 million barrels per day of Iranian crude, much of it under disguised labels. The new structure secures

Civitas divests $435 million in DJ Basin assets, names interim CEO in leadership shift

August 7, 2025

(World Oil)– Civitas Resources announced two major updates on Aug. 6: the reinstatement of a capital return program and a leadership transition that places Board Chair Wouter van Kempen in the role of interim CEO. The company’s Board of Directors has approved a renewed capital allocation strategy aimed at balancing shareholder returns and debt reduction. Civitas plans to allocate future

Civitas Resources weighs sale of DJ Basin assets, Bloomberg News reports

January 15, 2025

(Yahoo Finance) – Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin in Colorado, which could be valued at more than $4 billion, Bloomberg News reported on Wednesday. The company is working with a financial adviser to gauge buyer interest and would be open to divesting fully from the

Exclusive: Civitas Resources at EnerCom Denver-The Energy Investment Conference 2024

August 26, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Civitas Resources, Inc. is an independent, domestic oil and gas producer focused on development of its premier assets in the Denver-Julesburg (DJ) and Permian Basins. Civitas has a proven business model

Civitas Resources to focus on Permian, DJ basin drilling, production growth in 2024

February 29, 2024

World Oil (WO) – In its Full Year 2023 financial results, Civitas Resources revealed it increased production in the Permian and DJ basins in Q4 2023. It also unveiled plans to continue drilling momentum at the assets in 2024. 2024 outlook. In the report, the company maintained its previously-provided 2024 production guidance and decreased its estimated 2024 capital expenditures by

Civitas issues statement in conjunction with debt offering- oil and gas 360

Civitas Resources adds accretive bolt-on in Permian Basin

October 4, 2023

Oil and Gas 360 Acquisition increases Free Cash Flow and balances portfolio between Permian and DJ Basins DENVER–(BUSINESS WIRE)– Civitas Resources (NYSE: CIVI) (“Civitas”) today signed an agreement with Vencer Energy (“Vencer”), a Vitol investment, to acquire oil producing assets in the Midland Basin of west Texas for a total consideration of approximately $2.1 billion, subject to customary terms, conditions, and

Civitas Resources to enter Permian Basin through transformative transactions

June 20, 2023

Oil and Gas 360 Highly accretive acquisitions to balance portfolio, create immediate scale, and enhance capital allocation flexibility DENVER–(BUSINESS WIRE)– Civitas Resources (NYSE: CIVI) (“CIVI” or the “Company”) today announced the signing of two definitive agreements to acquire oil producing assets in the Midland and Delaware Basins of west Texas and New Mexico. The agreements were signed with affiliates of Hibernia

Exclusive: Civitas Resources at EnerCom Dallas-The Energy Investment & ESG Conference®- oil and gas 360

Exclusive: Civitas Resources Keynote speaker at EnerCom Dallas-The Energy Investment & ESG Conference®

April 25, 2023

Publisher’s Note: View EnerCom Dallas-The Energy Investment & ESG Conference® replays free for a limited time. Operational expertise, aggressive sustainability practices, and shared community values reach new levels at Civitas, a company born by bringing together decades of operational experience in the DJ Basin. Civitas is Colorado’s largest pure play oil and natural gas producer. With a premier DJ Basin

Civitas Resources, Inc. appoints Hodge Walker Chief Operating Officer

April 4, 2023

Oil and Gas 360 Publisher’s Note: Civitas Resources will be the lunch Keynote speaker at EnerCom Dallas on Wednesday, April 19, 2023 at Hotel Crescent Court. Please register to join us. DENVER–(BUSINESS WIRE)– Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today announced that Hodge Walker has been appointed Chief Operating Officer, effective April 5, 2023. He will replace Matt

Premium Content