Civitas Enters Permian Basin In $4.7B Deal With NGP Affiliates

By Al Barbarino (June 20, 2023, 1:30 PM EDT) -- Denver-based energy company Civitas Resources said Tuesday it has agreed to pay roughly $4.7 billion for Permian Basin assets held by affiliates of two NGP Energy Capital Management portfolio companies, Hibernia Energy III LLC and Tap Rock Resources LLC....

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