SM ENERGY IS ACQUIRING CIVITAS IN $13 BILLION OIL AND GAS MERGER OF NEAR EQUALS IN THE PERMIAN BASIN
https://s.yimg.com/ny/api/res/1.2/BDnAGYzDps8ONt2Il0m9Sw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/fortune_175/69dec192f8304ee673e6200708bd315e
✍️ SM Energy and Civitas Resources will merge in a $12.8 billion deal, creating a major oil and gas producer in the Permian Basin.
👉 The merger will create one of the largest oil and gas companies led by a woman 👉 The combined entity will have a significant presence in the Permian Basin and the DJ Basin 👉 SM Energy will maintain a steady growth mode, while Civitas has struggled and cut ties with its CEO 👉 The deal will create a company with transformative scale in the highest-return US shale basins
-- #BethMcDonald #HerbVogel #NealDingmann #ChrisDoyle #JulioQuintana #BenDell #Denver #PermianBasin #WestTexas #SouthTexas #Utah #Colorado #Louisiana #business
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