Civitas Resources Inc.

Civitas Resources Inc. , today announced plans to release its fourth quarter 2023 operating and financial results and its 2024 outlook after market close on Tuesday, February 27, 2024. A conference call and webcast is planned for 8 a.m. MT , on Wednesday, February 28, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor [...]

Civitas Resources Inc. today announced that Brad Whitmarsh has joined Civitas as Vice President, Investor Relations. Mr. Whitmarsh will report to Chief Financial Officer Marianella Foschi and will serve as the primary liaison between the Company and the investment community. Mr. Whitmarsh joins Civitas with more than 20 years of leadership experience in the oil and gas industry. Prior to Civitas, Mr. Whitmarsh most [...]

Civitas Resources Inc. today announced the closing of its previously announced acquisition of certain oil and gas assets in the Midland basin in Texas from Vencer Energy, LLC , a Vitol investment. Under the terms of the agreement, Civitas issued Vencer 7,181,527 shares of common stock and $1 billion of cash. A $550 million deferred cash payment is due to Vencer on January 3, 2025. Civitas currently plans to use cash on [...]

Civitas Resources Inc. today announced its third quarter 2023 financial and operating results. A conference call is planned for 8 a.m. MT , November 8, 2023. Participation details can be found in this release. In addition, supplemental slides have been posted to the Company's website, www.civitasresources.com. Third Quarter 2023 Highlights Average daily sales volumes of 235.3 thousand barrels of oil equivalent per day and [...]

Civitas Resources Inc. , today announced plans to release its third quarter 2023 operating and financial results after market close on Tuesday, November 7, 2023. A conference call to discuss these results is planned for 8 a.m. MT , Wednesday, November 8, 2023. A live webcast and replay of this event will be available on the Investor Relations section of the Company's website at www.civitasresources.com. Dial-in [...]

Civitas Resources Inc. today announced that it has priced a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended of $1,000 million in aggregate principal amount of new 8.625% senior notes due 2030 at par. The Offering is expected to close on October 17, 2023, subject to the satisfaction of customary closing conditions. The Company expects to use the net [...]

Civitas Resources' CEO Chris Doyle today issued the following statement in conjunction with the Company's recently announced debt offering: "Today's debt offering is expected to successfully finance our accretive Vencer acquisition. There is inherent flexibility in our capital structure, and we see tremendous value in our equity at today's levels. With expectations for $300 million or more in non-core asset sales, we [...]

Civitas Resources Inc. today announced that, subject to market conditions, it intends to offer $1,000 million in aggregate principal amount of senior unsecured notes due 2030 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended . The Company expects to use the net proceeds from the Offering, together with cash on hand and borrowings under the Company's [...]

Civitas Resources today signed an agreement with Vencer Energy , 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 is expected to close in January 2024 with an effective date of January 1, 2024. Civitas plans to hold a conference call to [...]

Civitas Resources Inc. today announced the appointment of Jeff Kelly as Chief Transformation Officer, effective August 3, 2023. Chris Doyle, President and CEO, said, "On behalf of the Board of Directors and the Company, I am excited to welcome Jeff to the Civitas team. He is a proven leader and brings experience across all aspects of our business. He will lead our transformation to a diversified business of scale and [...]