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Civitas Resources makes $2.1 billion Permian Basin acquisition

​MIDLAND – Denver-based Civitas Resources announced this week that it has agreed to acquire Vencer Energy’s assets in the Midland Basin from Vitol for $2.1 billion in a deal expected to close in January. 

The deal adds approximately 44,000 net acres and current production of about 62,000 barrels of oil equivalent per day to Civitas’ scale.