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

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 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.

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.

Bison Acquires Woody Creek Midstream

October 8, 2020

Energy

Oklahoma City-based water infrastructure operator Bison has acquired Woody Creek Midstream, a water midstream company operating in the SCOOP. The deal brings long-term (15–30 year) water gathering and disposal contracts with Casillas Petroleum Resource Partners, Camino Natural Resources and Paloma Operating Company, expanding Bison's footprint and dedicated acreage across the Anadarko Basin.

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.