Civitas Considers Merger With Fellow Permian Player

Civitas Considers Merger With Fellow Permian Player

Civitas Resources may merge with fellow Permian producer SM Energy, Bloomberg reported today, citing unnamed sources in the know. The sources told the publication the deal would likely take the form of a merger between equals with no premium included in the price tag. Once combined, the new company would be worth some $14 billion, Bloomberg has calculated, which would make the deal one of the largest this year in the energy space. Civitas Resour…

Civitas Weighs Merger With Permian Basin Rival SM Energy

Civitas Resources Inc., an oil and gas explorer that has been weighing a sale, is considering a merger with Permian Basin rival SM Energy Co., according to people familiar with the matter.