Civitas resources to enter permian basin through transformative transactions

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 energy iii, llc (“hibernia”) and tap rock resources, llc (“tap rock”), which are respective portfolio companies of funds managed by ngp energy capital management, l.l.c. (“ngp”), for total consideration of ap.
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