Bonanza Creek and Extraction Merge and Acquire Crestone Peak; Rebrand as Civitas Resources
November 1, 2021
Bonanza Creek Energy and Extraction Oil & Gas completed their merger and subsequently acquired Crestone Peak Resources, rebranding the combined company as Civitas Resources (NYSE: CIVI). The transaction creates the largest pure‑play energy producer in Colorado's Denver‑Julesburg (DJ) Basin, with a stated focus on operational discipline, free cash flow generation and ESG leadership.
- Buyers
- Bonanza Creek Energy, Inc., Extraction Oil & Gas, Inc., Civitas Resources, Inc.
- Targets
- Crestone Peak Resources
- Industry
- Oil & Gas
- Location
- Colorado, United States
- Transaction Type
- Buyout
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