Merger • Oil/Gas Exploration

Civitas Resources Acquires HighPoint Resources

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date February 10, 2021
Target HighPoint Resources
Sector Oil/Gas Exploration
Buyer(s) Civitas Resources
Deal Type Merger

Target Company

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 Overview 1

Buyer

Civitas Resources

Denver, Colorado, United States

Category Company
Founded 1999
Sector Oil/Gas Exploration
Employees655
Revenue 5.2B USD (2024)
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 Context for Buyer #
Overall 1 of 3
Sector: Oil/Gas Exploration 1 of 2
Type: Merger 1 of 1
State: Colorado 1 of 2
Country: United States 1 of 3
Year: 2021 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Crestone Peak Resources

Denver, Colorado, United States

Crestone Peak Resources is an energy company that specialized in the acquisition, exploration, and production of oil and gas. Crestone Peak Resources was formed in 2016 and is based in Denver, Colorado.

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