Civitas Resources Inc. today announced its second quarter 2023 financial and operating results. In addition, the Company also announced the closing of its transformative acquisitions in the Permian Basin for aggregate consideration of approximately $4.7 billion. The deals diversify the Company's asset portfolio through scalable operations and a deep inventory of quality drilling locations in the top three oil basins in [...]
Civitas Resources Inc. , today announced plans to release its second quarter 2023 operating and financial results after market close on Wednesday, August 2, 2023. A conference call to discuss these results is planned for 8 a.m. MDT , Thursday, August 3, 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 information [...]
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 $1,350 million in aggregate principal amount of new 8.375% senior notes due 2028 and $1,350 million in aggregate principal amount of new 8.750% senior notes due 2031 at par. The Offering is expected to close on June 29, 2023, subject to the [...]
Civitas Resources Inc. today announced that, subject to market conditions, it intends to offer $1,350 million in aggregate principal amount of senior unsecured notes due 2028 and $1,350 million in aggregate principal amount of senior unsecured notes due 2031 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 [...]
Civitas Resources 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 and Tap Rock Resources, LLC , which are respective portfolio companies of funds managed by NGP Energy Capital Management, L.L.C. , for total consideration of approximately $4.7 [...]
Civitas Resources Inc. today announced its first quarter 2023 financial and operating results. A conference call to discuss the results is planned for 8:00 a.m. MT , May 4, 2023. Dial-in details can be found in this release. In addition, supplemental slides have been posted to the Company's website, www.civitasresources.com. First Quarter 2023 Highlights Average daily sales volumes of 159.4 thousand barrels of oil [...]
Civitas Resources Inc. , today announced plans to release its first quarter 2023 operating and financial results after market close on Wednesday, May 3, 2023. A conference call to discuss these results is planned for 8 a.m. MDT , Thursday, May 4. 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 information for the [...]
Civitas Resources Inc. today announced that Hodge Walker has been appointed Chief Operating Officer, effective April 5, 2023. He will replace Matt Owens who has left the company. Chris Doyle, President and CEO, said, "On behalf of the Board of Directors and the Company, I am pleased to welcome Hodge to Civitas. With more than 25 years of industry experience, Hodge has a proven track record of successfully leading teams [...]
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Civitas Resources Inc. today announced its fourth quarter and full-year 2022 financial and operating results, as well as its 2023 outlook. In addition, the Company announced plans to repurchase up to $1 billion of common stock, par value $0.01 per share , effective through December 31, 2024. A conference call to discuss the results is planned for 8:00 a.m. MT , February 23, 2023. Dial-in details can be found in this [...]
Civitas Resources Inc. today announced that Wouter van Kempen and Deborah Byers have been named Independent non-executive Chairman and Independent Director, respectively, of its Board of Directors. Independent Chairman Ben Dell and Brian Steck have elected to retire from the Board of Directors. The changes are effective February 22, 2023. Chris Doyle, the Company's President and CEO, said, "On behalf of the Board and our [...]