One-Page Deal Sheet
Civitas Resources to Acquire Crestone Peak in All-Stock Deal Worth $1.06B
Bonanza Creek Energy, Inc., Civitas Resources Inc. Crestone Peak Resources LLC
Announced Date
June 07,2021
Close Date
November 01,2021
Transaction Type
Corporate
Enterprise Value (EV)($MM)
1060
Asset/Basin:
["DJ Basin", "Denver-Julesburg Basin"]
TargetZones:
["Niobrara", "Codell
Net Acres
Proved Reserves
EbitDAX : Ebitdax_multple
Location
Calculated Metrics( EV/Category)
Region
Rockies - DJ Basin
Country
United States
State
Colorado
County
Weld ,Boulder ,Adams ,Arapahoe
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Civitas Resources Inc. (the company that will be formed from the Bonanza Creek Energy Inc. / Extraction Oil & Gas merger, currently pending) has agreed to acquire Crestone Peak Resources in an all-stock deal worth $1.06 billion.
Civitas is expected to have an enterprise value of approximately $4.5 billion (based on the closing market equity capitalizations of Extraction and Bonanza Creek as of June 4, 2021).
Crestone's primary shareholder is Canada Pension Plan Investment Board (CPP). CPP Investments will become Civitas' largest shareholder and will designate one member to the Civitas board…
Rockies - DJ Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |