Civitas resources adds accretive bolt-on in permian basin

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 closing price adjustments (the “acquisition”). the acquisition is expected to close in january 2024 with an effective date of january 1, 2024. civitas plans to hold a conference call to.
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