One-Page Deal Sheet
Civitas Acquires DJ Basin Operator Bison Oil & Gas II in $300MM Deal
Civitas Resources Inc. Bison Oil & Gas II LLC
Announced Date
February 01,2022
Close Date
March 01,2022
Transaction Type
Corporate
Enterprise Value (EV)($MM)
300
Asset/Basin:
["DJ Basin"]
TargetZones:
[]
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Rockies - DJ Basin
Country
United States
State
Colorado
County
Weld ,Morgan
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Civitas Resources Inc. has agreed to acquire privately held Denver-Julesburg Basin (“DJ Basin”) operator Bison Oil & Gas II LLC for $300 million in cash (revised from $346 million in cash/stock initially).
This deal closed on March 2, 2022.
Consideration consists of 2.3 million CIVI shares, $45 million in cash and the assumption of approximately $176 million in debt and other liabilities.
The Transaction is expected to close in the first quarter of 2022.
Deal Details: Acreage: ~40,000 net Drilling Locations: 102 gross Production: 9,000 boepd (75% oil, 90% liquids)Kimmeridge Energy…
Rockies - DJ Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Dec-18-2025 |
-  |
- |
Click here | Colorado | E&P |
| Nov-03-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-11-2024 |
- |
- |
Click here | Colorado | E&P |
| Sep-06-2022 |
- |
- |
Click here | E&P | |
| Feb-28-2022 |
- |
- |
Click here | Colorado | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-18-2025 | JAPEX Secures First U.S. Operated Position in $1.26B DJ Basin Acquisition of Verdad Resources | - |
- |
| Jan-11-2024 | Prairie Operating Bolt-On DJ Basin Assets From Nickel Road | - |
- |
| Feb-28-2022 | PDC Acquires DJ Basin E&P Great Western in $1.3B Deal | - |
- |