Civitas Resources Weighs Sale of DJ Basin Assets - Bloomberg

18 hours ago · Civitas Resources Inc. is exploring a sale of part or all of its assets in the Denver-Julesburg Basin, which could be valued at more than $4 billion, people with knowledge of the …

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Civitas Resources Weighs Sale Of DJ Basin Assets - Bloomberg

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18 hours ago · Civitas Resources Inc. is exploring a sale of part or all of its assets in the Denver-Julesburg Basin, which could be valued at more than $4 billion, people with knowledge of the …

bloomberg.com

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Civitas Resources Weighs Sale Of DJ Basin Assets, Bloomberg News ...

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17 hours ago · Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin in Colorado, which could be valued at more than $4 …

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Civitas Resources Weighing Sale Of DJ Basin Assets - Bloomberg

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A sale would free up cash that Civitas could use for acquisitions and to help trim its debt, which Bloomberg said totals ~$4.8B; the company's DJ Basin assets produce ~160K boe/day.

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Civitas Resources Weighs Sale Of DJ Basin Assets, Bloomberg News …

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16 hours ago · In 2023, Civitas acquired some Permian assets from private equity firm NGP Energy Capital Management for $4.7 billion and some acreage in the Midland Basin from …

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Civitas Resources Up As It Weighs Sale Of DJ Basin Assets

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14 hours ago · ** Shares of U.S.-based oil and gas producer Civitas Resources NYSE:CIVI rise 1.8% to $54.54** Company is exploring a sale of some or all of its assets in the Denver …

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Civitas Resources Weighing Sale Of DJ Basin Assets - Bloomberg

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15 hours ago · A sale would free up cash that Civitas could use for acquisitions and to help trim its debt, which Bloomberg said totals ~$4.8B; the company's DJ Basin assets produce ~160K …

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Civitas Resources Weighs $4 Billion Sale Of Colorado DJ Basin …

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1 day ago · Civitas Resources Considers Sale of DJ Basin Assets. Denver-based oil and gas producer Civitas Resources is reportedly exploring the sale of part or all of its assets in the …

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Civitas Resources Weighs Sale Of DJ Basin Assets, Bloomberg News …

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(Reuters) - Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin (DJ Basin) in Colorado, which could be valued at more than $4 ...

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Civitas Resources Weighs Sale Of DJ Basin Assets, Bloomberg News …

2 weeks from now

In 2023, Civitas acquired some Permian assets from private equity firm NGP Energy Capital Management for $4.7 billion and some acreage in the Midland Basin from Vencer Energy for …

msn.com

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Civitas Resources Weighs Sale Of DJ Basin Assets, Bloomberg News ...

2 weeks from now

1 day ago · In 2023, Civitas acquired some Permian assets from private equity firm NGP Energy Capital Management for $4.7 billion and some acreage in the Midland Basin from Vencer …

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FAQs about Civitas Resources Weighs Sale of DJ Basin Assets - Bloomberg Coupon?

How much is Civitas resources' DJ Basin assets worth?

REUTERS/Liz Hampton© Thomson Reuters (Reuters) - Oil and gas producer Civitas Resources is exploring a sale of part or all of its assets in the Denver-Julesburg Basin (DJ Basin) in Colorado, which could be valued at more than $4 billion, Bloomberg News reported on Wednesday. ...

What is Civitas resources' dividend?

Civitas Resources is a $4.6 billion market-cap oil and gas producer based in the Colorado D-J Basin that expanded by acquisition into Texas-New Mexico Permian Basin. The fixed dividend of $2.00/share yields 4.2%. Previously, its variable dividend meant a yield of 10.4%. ...

Does civitas own Permian Basin?

Civitas (CIVI) controls a sizable business in the Permian Basin, due largely to its $4.7B acquisition of assets from companies controlled by NGP Energy Capital Management in 2022. ...

How much natural gas does civitas have?

At year-end 2023, Civitas' proved reserves, all in the US, were about 700 million BOE, comprising 39% oil/condensate; 29% natural gas liquids (“plant products"), and 32% natural gas. The PV-10 reserve value was $9.4 billion, equally divided between the Permian and the DJ Basin. The geographically adjusted prices used in the calculation were: ...

Why are DJ Basin assets so difficult to operate?

DJ Basin assets are more difficult to operate than most other U.S. basins because of Colorado’s regulatory requirements; as a result, "investors do not want to touch Colorado-focused E&Ps even though they are in the clear until 2028," Sorbara said. ...

Should value investors buy civitas resources?

Value investors in the energy sector who are comfortable with the company’s 4.2% dividend and its current high ratio of debt to equity may find Civitas Resources of interest. Again, the upside case is in stronger Permian natural gas prices due to increased demand and more transport capacity. ...