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
Join our mailing list here
Rig Lynx is a next-gen consultancy and tech partner built at the crossroads of energy operations, AI integration, and digital engagement. With nearly 30 years of experience across global offshore campaigns—Rig Lynx merges frontline expertise with modern tech to drive safety, performance, and strategy.
International Rig Count up 12% from last…
North America Rig Count: U.S. -4 to…
