Bonanza Creek and Extraction Merge and Acquire Crestone Peak; Rebrand as Civitas Resources

Civitas Resources Acquires Bison Oil & Gas II, LLC for ~$300M

March 1, 2022

Oil & Gas

Civitas Resources, Inc. has closed its acquisition of Denver-Julesburg Basin operator Bison Oil & Gas II, LLC for approximately $300 million in cash. The deal adds 102 gross locations (38 fully permitted) and ~9,000 Boed of pro forma 2022E production to Civitas' portfolio, and is expected to be accretive to production, EBITDA and free cash flow while preserving a strong balance sheet.

SM Energy Completes All-Stock Merger with Civitas Resources

January 30, 2026

Energy

SM Energy Company has completed its all‑stock merger with Civitas Resources, with the combined company retaining the SM Energy name and NYSE ticker "SM." Beth McDonald was named president and CEO and Blake McKenna named EVP and COO; the enlarged board now has 11 members (six from SM, five from Civitas). Management highlighted a $200–$300 million annual synergy target and plans to pursue at least $1.0 billion of divestitures over the next year to drive higher free cash flow and strengthen the balance sheet.

Citizen Energy Acquires Oil and Gas Properties of Red Bluff Resources and Bricktown Energy

April 1, 2022

Energy

Tulsa-based Citizen Energy closed the acquisition of substantially all oil and gas properties of Red Bluff Resources and Bricktown Energy, effective April 1, 2022. The deal adds ~13,000 BOEPD (56% liquids), ~200 operated wells and 739 non-op wells (an ~18% increase to Citizen's daily production) and was financed in part with $250 million of senior secured second lien notes provided by private funds managed by EIG; the company also increased its revolving credit facility to $1 billion.

Francisco Partners Leads Growth Investment in Civitas Learning

February 20, 2019

Education

Francisco Partners has made a growth equity investment in Austin-based Civitas Learning, joined by existing investors Rethink Education, SJF Ventures, and Lumina Foundation. Civitas Learning provides a cloud-based Student Success Suite that uses data science and machine learning to help more than 350 colleges and universities improve student outcomes; the capital will be used to accelerate product development and expand adoption across higher education.

Crestwood Completes Acquisition of Oasis Midstream

February 1, 2022

Energy

Crestwood Equity Partners LP completed its previously announced merger with Oasis Midstream Partners LP, combining the companies to expand Crestwood's scale and competitive position in the Williston and Delaware Basins. The transaction is expected to deliver roughly $45 million of operational and commercial synergies and to enhance the combined company's financial strength and flexibility.

Harvest Partners Acquires Yellowstone Landscape from CIVC Partners

November 1, 2019

Environmental Services

Funds managed by Harvest Partners have acquired Yellowstone Landscape from CIVC Partners. Yellowstone, a Palm Coast, Florida–headquartered commercial landscaping company serving over 5,000 customers from ~40 branches across the South and Southwest, will continue to be led by CEO Tim Portland and existing management who remain significant owners.