Shale Driller Civitas Enters Permian with $4.7B Deal
Civitas is purchasing some assets from Tap Rock Resources as well as Hibernia Energy III.
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Civitas is purchasing some assets from Tap Rock Resources as well as Hibernia Energy III.
Civitas Resources Inc., a US shale oil producer, agreed to acquire assets for about $4.7 billion in cash and stock to expand for the first time into the Permian
Chevron (CVX) rebounds in early trading after shedding ~2% in reaction to its acquisition of PDC Energy (PDCE) for $72/share, which some analysts say is a particularly cheap price.
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