SM Energy Closes All-Stock Merger With Civitas Resources

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.

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

March 1, 2022

Energy

Civitas Resources, Inc. closed its previously announced acquisition of privately held Bison Oil & Gas II, LLC, the Denver-Julesburg Basin operator. The deal adds 102 gross locations and is intended to strengthen Civitas’ DJ Basin portfolio under its net zero policy, with approximately $300 million in total cash outlay after modifying consideration from the originally announced structure.

Crescent Energy Acquires Vital Energy in All-Stock Merger

December 15, 2025

Energy

Crescent Energy Company acquired Vital Energy, Inc. in an all-stock transaction valued at approximately $3.1 billion, including Vital’s net debt. The deal was expected to close in December 2025 and was later announced as having closed, creating a top-10 independent E&P company.

Devon Energy to Merge with Coterra Energy in $21.4B All-Stock Deal

January 31, 2026

Oil & Gas

Devon Energy and Coterra Energy have signed a definitive all-stock agreement to merge, creating a premier Delaware Basin–anchored shale operator. The deal will exchange 0.70 shares of Devon common stock for each share of Coterra, and is expected to close in the second quarter of 2026 subject to regulatory and shareholder approvals.

Blackstone Acquires Civica from Partners Group

November 22, 2023

Software

Blackstone has entered into a definitive agreement (closed May 2, 2024) to acquire Civica, a global leader in public‑sector software, from Partners Group. The buyout will support Civica's next phase of growth and global expansion across government, health and education markets; financial terms were not disclosed.

Chesapeake Energy to Merge With Southwestern Energy in $7.4B Deal (Expand Energy)

September 26, 2024

Energy

Chesapeake Energy Corporation and Southwestern Energy Company have agreed to merge in an all-stock transaction valued at about $7.4 billion. The combined company will be rebranded as Expand Energy, headquartered in Oklahoma City, and is expected to close in the first week of October (following HSR expiration) per Source 1.