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Civita Resources acquires Crestone Peak

Rig Lynx
  • By Rig Lynx
  • Jun 08, 2021
  • Category : Current News
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Civitas Resources Inc said on Monday it would acquire oil and gas producer Crestone Peak Resources, as it looks to scale up in Colorado's Denver-Julesburg Basin.


Civitas will be formed after the merger of Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc closes and is expected to have an enterprise value of about $4.5 billion.


Source: Reuters


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