Articles from Civitas Resources, Inc.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced an updated time for its upcoming conference call and webcast on Tuesday, February 25. Due to scheduling conflicts, Civitas now plans to host its conference call and webcast at 6:30 a.m. MT (8:30 a.m. ET), on Tuesday, February 25, 2025. The dial-in number for the call remains 888-510-2535, with passcode 4872770, and 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. Civitas intends to release its fourth quarter 2024 operating and financial results and provide its 2025 outlook after market close on Monday, February 24, 2025.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”) today announced plans to release its fourth quarter 2024 operating and financial results and provide its 2025 outlook after market close on Monday, February 24, 2025. A conference call and webcast are planned for 7 a.m. MT (9 a.m. ET), on Tuesday, February 25, 2025. The dial-in number for the call is 888-510-2535, with passcode 4872770.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced that its Board of Directors approved a quarterly dividend of $0.50 per share, payable on December 27, 2024 to shareholders of record as of December 13, 2024.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") today reported its third quarter 2024 financial and operating results. A webcast and conference call is planned for 7 a.m. MT (9 a.m. ET) on Friday, November 8, 2024. Participation details are available in this release, and supplemental earnings materials can be accessed on the Company's website, www.civitasresources.com.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced plans to release its third quarter 2024 operating and financial results after market close on Thursday, November 7, 2024. A conference call and webcast are planned for 7 a.m. MT (9 a.m. ET), on Friday, November 8, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”) today published its 2024 Corporate Sustainability Report, providing transparency around the Company’s sustainability initiatives, targets, and progress toward stated goals. This is the first sustainability report following Civitas’ entry into the Permian Basin and includes a pathway for how the larger, more diversified company will achieve its updated targets.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced that it has received approval by Colorado’s Energy and Carbon Management Commission of the Lowry Ranch Comprehensive Area Plan (“CAP”) within the Watkins area of the DJ Basin.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") today reported its second quarter 2024 financial and operating results. A webcast and conference call is planned for 9 a.m. MT (11 a.m. ET) on Friday, August 2, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced that its Board of Directors approved a quarterly dividend of $1.52 per share, payable on September 26, 2024 to shareholders of record as of September 12, 2024. The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.02 per share. Additional details regarding the calculation of the variable dividend can be found in the Company’s latest investor presentation located on its website.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced plans to release its second quarter 2024 operating and financial results after market close on Thursday, August 1, 2024. A conference call and webcast are planned for 9 a.m. MT (11 a.m. ET), on Friday, August 2, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”) announced today the pricing of an underwritten public offering of an aggregate of 6,956,520 shares of its common stock (the “Offering”) by an affiliate of Canada Pension Plan Investment Board (the “Selling Stockholder”) at a price to the public of $73.80 per share. Civitas is not selling any shares of common stock in the Offering and will not receive any proceeds from any sale of shares by the Selling Stockholder. The Offering is expected to close on May 20, 2024, subject to customary closing conditions.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”) announced today the commencement of an underwritten public offering of an aggregate of 6,956,520 shares of its common stock (the “Offering”) by an affiliate of Canada Pension Plan Investment Board (the “Selling Stockholder”). Civitas is not selling any shares of common stock in the Offering and will not receive any proceeds from any sale of shares by the Selling Stockholder.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 1.04 million shares of its common stock from Vitol at a price of $72.00 per share, totaling $75 million. Civitas’ acquisition of certain oil and gas assets in the Permian Basin from Vencer Energy, LLC, a Vitol investment, closed on January 2, 2024, in exchange for approximately 7.2 million shares of Civitas stock along with $1.55 billion in cash ($1 billion paid at closing and a remaining $550 million payable on January 3, 2025). Along with other open market sales since the first of the year, the repurchase brings Vitol’s current equity position in Civitas to less than 2% of Civitas’ outstanding shares.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") today reported its first quarter 2024 financial and operating results. A webcast and conference call is planned for 9 a.m. MT (11 a.m. ET) on Friday, May 3, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced that its Board of Directors approved a quarterly dividend of $1.50 per share, payable on June 26, 2024 to shareholders of record as of June 12, 2024. The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.00 per share. Additional details regarding the calculation of the variable dividend can be found in the Company’s latest investor presentation located on its website.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced plans to release its first quarter 2024 operating and financial results after market close on Thursday, May 2, 2024. A conference call and webcast is planned for 9 a.m. MT (11 a.m. ET), on Friday, May 3, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 876 thousand shares of its common stock at a price of $64.54 per share from NGP Tap Rock Holdings, LLC and certain of its affiliates (“NGP”). The transaction was approved by the Company’s Board of Directors, and the repurchase is expected to close in early March 2024. Following the transaction, NGP will no longer own any shares of Civitas. NGP’s original ownership in Civitas was established through Civitas’ mid-2023 acquisition of Tap Rock Resources, LLC.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") today reported its fourth quarter and full-year 2023 financial and operating results, as well as provided its 2024 outlook. A webcast and conference call to discuss the results is planned for 8:00 a.m. MT (10:00 a.m. ET), February 28, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), 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 (10 a.m. ET), on Wednesday, February 28, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”) 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.

Civitas Resources, Inc. (NYSECIVI) (“Civitas”) today announced the closing of its previously announced acquisition (the “Acquisition”) of certain oil and gas assets in the Midland basin in Texas from Vencer Energy, LLC (“Vencer”), a Vitol investment.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") today announced its third quarter 2023 financial and operating results. A conference call is planned for 8 a.m. MT (10 a.m. ET), 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.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), 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 (10 a.m. ET), 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 information for the conference call is included below.

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

Civitas Resources’ (NYSECIVI) (“Civitas” or the “Company”) CEO Chris Doyle today issued the following statement in conjunction with the Company’s recently announced debt offering:

Civitas Resources, Inc. (the “Company”) (NYSECIVI) today announced that, subject to market conditions, it intends to offer $1,000 million in aggregate principal amount of senior unsecured notes due 2030 (the “Notes”) in a private placement (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The Company expects to use the net proceeds from the Offering, together with cash on hand and borrowings under the Company’s credit facility, to fund a portion of the cash purchase price of the Company’s recently announced pending acquisition of certain oil and gas properties, interests, and related assets located in the Midland Basin from Vencer Energy, LLC (“Vencer”) (such acquisition, the “Acquisition”).

Civitas Resources (NYSECIVI) (“Civitas”) today signed an agreement with Vencer Energy (“Vencer”), 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”). The Acquisition is expected to close in January 2024 with an effective date of January 1, 2024.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”) today announced the appointment of Jeff Kelly as Chief Transformation Officer, effective August 3, 2023.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") 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 the U.S.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), 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 (10 a.m. EDT), 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 for the conference call is included below.

Civitas Resources, Inc. (the “Company”) (NYSECIVI) today announced that it has priced a private placement (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”) of $1,350 million in aggregate principal amount of new 8.375% senior notes due 2028 (the “2028 Notes”) and $1,350 million in aggregate principal amount of new 8.750% senior notes due 2031 (the “2031 Notes” and, together with the 2028 Notes, the “Notes”) at par. The Offering is expected to close on June 29, 2023, subject to the satisfaction of customary closing conditions.

Civitas Resources, Inc. (the “Company”) (NYSECIVI) today announced that, subject to market conditions, it intends to offer $1,350 million in aggregate principal amount of senior unsecured notes due 2028 (the “2028 Notes”) and $1,350 million in aggregate principal amount of senior unsecured notes due 2031 (the “2031 Notes” and, together with the 2028 Notes, the “Notes”) in a private placement (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The Company expects to use the net proceeds from the Offering, together with cash on hand and borrowings under the Company’s Credit Facility, to fund a portion of the consideration for the Acquisitions (as defined below).

Civitas Resources (NYSECIVI) (“CIVI” or the “Company”) 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 (“Hibernia”) and Tap Rock Resources, LLC (“Tap Rock”), which are respective portfolio companies of funds managed by NGP Energy Capital Management, L.L.C. (“NGP”), for total consideration of approximately $4.7 billion, subject to customary purchase price adjustments. The transactions will fundamentally transform Civitas into a stronger, more balanced, and sustainable enterprise with a deep inventory of high-return drilling opportunities in the heart of the Permian and DJ basins. Both transactions are subject to customary terms and conditions and are expected to close in the third quarter of 2023 with effective dates of July 1, 2023.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") 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 (10:00 a.m. ET), 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.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), 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 (10 a.m. EDT), 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 conference call is included below.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”) 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.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") 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 (the “Common Stock”), effective through December 31, 2024. A conference call to discuss the results is planned for 8:00 a.m. MT (10:00 a.m. ET), February 23, 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.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”) 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.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced that it is scheduled to release its fourth quarter 2022 operating and financial results after market close on February 22, 2023. The Company will host a conference call to discuss these results the following morning, Thursday, February 23, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay of this event will be available on the Investor Relations section of the Company’s website at www.civiresources.com. Dial-in information for the conference call is included below.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today reported that it has agreed to repurchase approximately 4.9 million shares of its common stock, par value $0.01 per share (the “Common Stock”) at a price per share of $61.00, resulting in aggregate consideration of approximately $300 million (the “Repurchase”) from its largest shareholder, Canada Pension Plan Investment Board (“CPP Investments”).

The Colorado Oil and Gas Conservation Commission (COGCC) today approved Civitas Resources, Inc.’s (NYSECIVI) Box Elder Comprehensive Area Plan (CAP), making it Colorado’s first CAP approved with preliminary siting. The CAP framework helps identify and progress a more holistic approach to development plans that enables minimization of traffic, surface impacts, time on-site and emissions.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") today announced its third quarter 2022 financial and operating results. A conference call to discuss the results is planned for 8 a.m. MT (10 a.m. ET), November 1, 2022. Dial-in details can be found in this release. In addition, supplemental slides have been posted to the Company’s website, www.civiresources.com.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced that it is scheduled to release its third quarter 2022 operating and financial results after market close on October 31, 2022. The Company will host a conference call to discuss these results the following morning, Tuesday, November 1, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay of this event will be available on the Investor Relations section of the Company’s website at www.civiresources.com. Dial-in information for the conference call is included below.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") today announced its second quarter 2022 financial results, and has posted an updated investor presentation to its website.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), a Colorado energy leader and the state’s first carbon neutral oil & gas producer, today announced that Brad Johnson and Brian Kuck are joining the Company’s leadership team and that Dean Tinsley, Senior Vice President, Operations, will be stepping down.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced that it is scheduled to release its second quarter 2022 operating and financial results after market close on August 3, 2022. The Company will host a conference call to discuss these results the following morning, Thursday, August 4, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay of this event will be available on the Investor Relations section of the Company’s website at www.civiresources.com. Dial-in information for the conference call is included below.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") today announced the retirement of Cyrus (“Skip”) Marter and the appointment of Travis Counts as the Company’s new Chief Legal Officer.

Civitas Resources, Inc. (NYSECIVI) (the "Company" or "Civitas") today announced its first quarter 2022 financial results, and has posted an updated investor presentation to its website.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or “the Company”) today released its inaugural Corporate Sustainability Report, which highlights the Company’s 2021 environmental and social achievements, outlines the company’s governance structure, and lays out future goals. The report can be found on the Sustainability page of Civitas’ corporate website: www.civitasresources.com/sustainability

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today named Chris Doyle its next President and Chief Executive Officer, effective May 2, 2022.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced that it is scheduled to release its first quarter 2022 operating and financial results after market close on May 4, 2022. The Company will host a conference call to discuss these results the following morning, Thursday, May 5, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast and replay of this event will be available on the Investor Relations section of the Company’s website at www.civiresources.com. Dial-in information for the conference call is included below.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), today announced that it has given notice of its intent to redeem in full the $100 million in aggregate principal amount of its currently outstanding 7.50% senior notes due 2026 (the “Notes”) on May 1, 2022 (the “Redemption Date”). The redemption price of the Notes will be 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest to the Redemption Date. The Company has instructed the Trustee to send a notice of full redemption in the name of the Company to all currently registered holders of the Notes.

Civitas Resources, Inc. (“Civitas,” or “the Company”) today announced a pledge of $10 million in humanitarian aid to Ukrainians and refugees impacted by the Russian invasion of Ukraine.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”) is now scheduled to release its fourth quarter 2021 operating and financial results after market close on Tuesday, March 8, 2022. The Company will host a conference call to discuss these results the following morning, Wednesday, March 9, at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time). A live webcast 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 conference call is included below.

Civitas Resources, Inc. (NYSECIVI) (“Civitas” or the “Company”), a Colorado energy leader and the state’s first carbon neutral oil & gas producer, today announced that it has signed definitive agreements to acquire privately held Denver-Julesburg Basin (“DJ Basin”) operator Bison Oil & Gas II, LLC (“Bison”) for approximately $346 million of consideration, consisting of 2.3 million CIVI shares, $45 million in cash and the assumption of approximately $176 million in debt and other liabilities (the “Transaction”). The Transaction is expected to close in the first quarter of 2022 and demonstrates Civitas’ disciplined approach to consolidation with a focus on value creation and accretion.

Civitas Resources, Inc. (“Civitas” or the “Company”) today announced its commitment to voluntarily plug 42 wells that were orphaned by previous operators located in and around its operating areas in Adams, Arapahoe, Elbert, Larimer, and Weld counties of Colorado.

Civitas Resources, Inc. (NYSECIVI) ("Civitas" or the “Company”) today announced an updated stockholder cash distribution strategy and provided fourth quarter 2021 guidance.

Bonanza Creek Energy, Inc. (NYSEBCEI) ("Bonanza Creek" or the “Company”) and Extraction Oil & Gas, Inc. NASDAQ: XOGNASDAQXOG)