One-Page Deal Sheet
Civitas Buys More Core Permian For 300 Million
Civitas Resources Inc. Not Disclosed
Announced Date
February 26,2025
Transaction Type
Asset
Enterprise Value (EV)($MM)
300
Asset/Basin:
["Midland Basin", "Permian Basin"]
TargetZones:
["Wolfcamp A", "Wolf
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Permian - Midland Basin
Country
United States
State
Texas
County
Howard ,Glasscock ,Upton
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Civitas Resources, Inc. (NYSE: CIVI) announced the acquisition of operated Midland Basin assets for approximately $300 million, aimed at expanding its position in the core Permian region of Texas. The deal adds ~19,000 net acres and ~130 high-return drilling locations targeting Wolfcamp A, B, and D, with upside in Wolfcamp C and Barnett/Woodford.
The assets are expected to contribute ~3,000 BOEPD in 2025, with an implied production mix of ~50% oil. The purchase price implies a valuation of less than $2 million per location, reinforcing Civitas’ capital efficiency strategy. .
The company said…
Permian - Midland Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Sep-02-2025 |
-  |
- |
Click here | Texas | E&P |
| Feb-18-2025 |
- |
- |
Click here | Texas | E&P |
| Feb-12-2024 |
- |
- |
Click here | Texas | E&P |
| Dec-11-2023 |
- |
- |
Click here | Texas | E&P |
| Sep-13-2023 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-02-2026 | Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank | - |
- |
| Nov-03-2025 | SM Energy, Civitas Strike $12.8B All-Stock Merger | - |
- |
| Sep-02-2025 | Crescent Energy Acquires Vital | - |
- |