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On the Record · Civitas Resources

Civitas Resources acquisitions, on the record

The businesses Civitas Resources bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Bison Acquisition
Word for word“The increase in sales volumes is due to the HighPoint Merger that closed on April 1, 2021, the Extraction and Crestone Peak mergers that closed on November 1, 2021, and the Bison Acquisition that closed on March 1, 2022.” 10-K for 2022
acquisitionMarch 1, 2022—
HighPoint
Word for word“The increase in sales volumes is due to the HighPoint Merger that closed on April 1, 2021, the Extraction and Crestone Peak mergers that closed on November 1, 2021, and the Bison Acquisition that closed on March 1, 2022.” 10-K for 2022
mergerApril 1, 2021—
Extraction
Word for word“The increase in sales volumes is due to the HighPoint Merger that closed on April 1, 2021, the Extraction and Crestone Peak mergers that closed on November 1, 2021, and the Bison Acquisition that closed on March 1, 2022.” 10-K for 2022
mergerNovember 1, 2021—
Crestone Peak
Word for word“The increase in sales volumes is due to the HighPoint Merger that closed on April 1, 2021, the Extraction and Crestone Peak mergers that closed on November 1, 2021, and the Bison Acquisition that closed on March 1, 2022.” 10-K for 2022
mergerNovember 1, 2021—
Hibernia Energy III Holdings, LLC and Hibernia Energy III-B Holdings, LLC
Word for word“On August 2, 2023, we completed the acquisition of Hibernia Energy III Holdings, LLC and Hibernia Energy III-B Holdings, LLC (the “Hibernia Acquisition”) and Tap Rock AcquisitionCo, LLC, Tap Rock Resources II, LLC, and Tap Rock NM10 Holdings, LLC (the “Tap Rock Acquisition”).” 10-K for 2023
acquisitionOn August 2, 2023—
Tap Rock AcquisitionCo, LLC, Tap Rock Resources II, LLC, and Tap Rock NM10 Holdings, LLC
Word for word“The Tap Rock Acquisition included approximately 30,000 net acres in the Delaware Basin and certain related oil and gas assets in exchange for aggregate consideration of approximately $1.5 billion in cash and 13.5 million shares of our common stock, subject to certain customary purchase price adjustments.” 10-K for 2023
acquisition—approximately $1.5 billion in cash and 13.5 million shares of our common stock, subject to certain customary purchase price adjustments
Vencer Energy, LLC
Word for word“Furthermore, on October 3, 2023, we entered into a purchase and sale agreement with Vencer Energy, LLC to acquire certain oil and gas properties, interests, and related assets (the “Vencer Acquisition”), which closed on January 2, 2024.” 10-K for 2023
agreed acquisition——
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2021-12-31−$222.4 million
2022-12-31$236.2 million
2023-12-31$3.66 billion
2024-12-31$905.1 million

Deal filings since 2016

Read from Civitas Resources’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.