M&A Deal Summary

Civitas Resources Acquires HighPoint Resources

On February 10, 2021, Civitas Resources acquired oil/gas exploration company HighPoint Resources

Acquisition Highlights
  • This is Civitas Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Civitas Resources’ 1st transaction in the United States.
  • This is Civitas Resources’ 1st transaction in Colorado.

M&A Deal Summary
Date 2021-02-10
Target HighPoint Resources
Sector Oil/Gas Exploration
Buyer(s) Civitas Resources
Deal Type Merger

Target

HighPoint Resources

Denver, Colorado, United States
HighPoint Resources is an exploration and production company focused on the development of oil and natural gas assets located in the Denver-Julesburg Basin of Colorado. The Company's assets are located in the NE Wattenberg and Hereford Fields and in rural settings that are favorable for oil development.

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Buyer(S) 1

Buyer

Civitas Resources

Denver, Colorado, United States
Category Company
Founded 1999
Sector Oil/Gas Exploration
Employees516
Revenue 3.5B USD (2023)
DESCRIPTION

Civitas Resources is an independent oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. The Company's assets and operations are concentrated primarily in the Rocky Mountain region in the Wattenberg Field, focused on the Niobrara and Codell formations, and in southern Arkansas, focused on oily Cotton Valley sands. Civitas Resources was incorporated in 1999 and is headquartered in Denver, Colorado.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Merger) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Vencer Energy

Midland, Texas, United States

Vencer Energy owns and operates quality assets with stable production while continuing to seek acquisitions that would add accretive value. The Company’s operations are focused in the Midland Basin of West Texas; potential acquisition targets are scalable, operated assets with long-life reserves and low base decline. Formed in 2020, Vencer Energy is based in Houston, Texas, and regionally in Midland, Texas.

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