Civitas Resources - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Civitas Resources M&A Summary

Civitas Resources has acquired 2 companies, including 2 in the last 5 years.

Civitas Resources’ largest acquisition to date was in 2023, when it acquired Vencer Energy for $2.2B. Civitas Resources has acquired in 2 different US states. The Company’s most targeted sectors include energy services and equipment (50%) and oil/gas exploration (50%).

Civitas Resources Business Overview

Where is Civitas Resources headquartered?

Civitas Resources is headquartered in Denver, Colorado.

What is Civitas Resources’ revenue?

Civitas Resources disclosed revenue of 3,479M USD for 2023 and 3,791M USD for 2022.

How many employees does Civitas Resources have?

Civitas Resources has 516 employees.

What sector is Civitas Resources in?

Civitas Resources is an oil/gas exploration company.

When was Civitas Resources founded?

Civitas Resources was founded in 1999.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Civitas Resources

Civitas Resources, Inc.

555 17th Street, Suite 3700,
Denver, Colorado 80202
United States,
(303) 293-9100
www.civitasresources.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # - - 1 - 1 - 2
vol $2.2B $2.2B
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
Vencer Energy LLC 2023-10-04 2.2B USD Divestiture
Midland, Texas · www.vencerenergy.com
HighPoint Resources Corp. 2021-02-10 - Merger
Denver, Colorado · www.hpres.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (50%) 2.2B (100%) - -
Oil/Gas Exploration 1 (50%) - - -
Total 2 $2.2B - -

By Geo

State/Country Buy Value Sell Value
United States 2 2.2B - -
  Texas 1 2.2B - -
  Colorado 1 - - -
Total 2 $2.2B - -

Deal Values

buy # Total
> $1B 1 $2.2B
TOTAL $2.2B
Largest Vencer Energy LLC
$2.2B (2023-10-04)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

3,479   9% 2023
3,791   308% 2022
931   328% 2021
218   31% 2020
313   13% 2019
277   2018
195   34% 2016
293   48% 2015
559   33% 2014
422   2013
(millions of USD) Show More Show Less

Employees

516

Established

1999

Public

NYSE: CIVI

Former Name

Bonanza Creek Energy, Inc.

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