Market Chatter: Civitas Resources Explores Potential $4 Billion Sale of Denver-Julesburg Basin Assets

MT Newswires Live

Jan 15, 2025

Civitas Resources (CIVI) is considering selling part or all of its assets in the Denver-Julesburg Basin centered in eastern Colorado, which could be valued at over $4 billion, Bloomberg reported Wednesday, citing sources familiar with the matter.

The report said Civitas Resources is working with a financial adviser to assess buyer interest in the assets, which produce about 160,000 barrels of oil equivalent per day.

Civitas is open to fully divesting from the Colorado-based basin if an attractive offer is made, Bloomberg said, adding that deliberations are ongoing, and the company may ultimately decide not to pursue a transaction.

Civitas Resources did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CIVI","symbol_name":"Civitas Resources","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2503649950","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503649950","pubTimestamp":1736948729,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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