Civitas Resources Closes Acquisition of Bison Oil & Gas II (DJ Basin)

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

November 1, 2021

Oil & Gas

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.

SM Energy Closes All-Stock Merger With Civitas Resources

January 30, 2026

Oil & Gas

SM Energy has completed its all-stock merger with Civitas Resources following stockholder approvals. The combined company retains the SM Energy name and ticker symbol “SM” and is led by Beth McDonald as president and chief executive officer.

Peoria Resources Acquires Verdad's Operated DJ Basin Portfolio

February 26, 2026

Oil & Gas

Peoria Resources, LLC (a subsidiary of JAPEX (U.S.) Corp.) has acquired Verdad Resources' entire operated oil and gas business in the Denver‑Julesburg (DJ) Basin for an enterprise value of approximately $1.26 billion. The transaction transfers roughly 101,000 net acres of horizontal Niobrara and Codell development (Colorado and Wyoming) to Peoria as it establishes a scaled operated position in the DJ Basin.

Orchestra (O2 Investment Partners) Acquires Civitas Public Affairs Group

September 1, 2024

Marketing & Advertising

O2 Investment Partners, through its Orchestra communications platform, has acquired and partnered with Civitas Public Affairs Group, a bipartisan policy and strategy advisory firm. Civitas will retain its brand and leadership while joining Orchestra’s integrated public affairs and communications platform; terms were not disclosed.

Crescent Energy Acquires Uinta Basin Assets from Verdun/EP Energy for $690M

March 31, 2022

Energy

Crescent Energy Co. closed its purchase of Uinta Basin oil and gas assets in Utah for $690 million, acquiring approximately 145,000 contiguous net acres producing roughly 30,000 boe/d (about 65% oil). The assets were sold by Verdun Oil Co. II LLC (an EnCap Investments-backed vehicle) previously associated with EP Energy; Crescent said the deal expands its Rockies position and adds multiyear development inventory and cash flow.

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.