---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-000333"
form_type: "8-K"
ticker: null
cik: "0001509589"
company_name: "CIVITAS RESOURCES, INC."
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:15:50.750609+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Civitas closes $2.15B Vencer Energy Midland basin asset acquisition

## Summary
- Total consideration: $1B cash, 7,181,527 shares valued at $600M, and $550M deferred cash due Jan 3, 2025.
- Assets located in Glasscock, Martin, Midland, Reagan and Upton Counties, Texas; effective date Jan 1, 2024.
- CEO Doyle says deal provides scaled Permian and DJ basin positions and supports shareholder return program.
- Civitas plans to fund deferred cash payment via cash on hand or credit facility borrowings.

## SEC filing metadata
- accession: 0001104659-24-000333
- form_type: 8-K
- cik: 0001509589
- company_name: CIVITAS RESOURCES, INC.
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509589/000110465924000333/0001104659-24-000333-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509589/000110465924000333/tm2333782d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-000333
- JSON: https://secwatch.observer/filing/0001104659-24-000333.json
- Plain text: https://secwatch.observer/filing/0001104659-24-000333.txt

## Key facts
- M&A Transactions
  CIVITAS RESOURCES, INC. completed an acquisition involving Vencer Energy, LLC for approximately $1,000,000,000 in cash, (ii) the Shares, valued, for purposes of the PSA, at approximately $600,000,000 (the “Stock Consideration”), and (iii) $55 (closed 2024-01-02).
  - Action: acquisition
  - Counterparty: Vencer Energy, LLC
  - Consideration: approximately $1,000,000,000 in cash, (ii) the Shares, valued, for purposes of the PSA, at approximately $600,000,000 (the “Stock Consideration”), and (iii) $55
  - Closing: 2024-01-02
  source text: On January 2, 2024, the Company completed the Asset Acquisition for an aggregate purchase price of (i) approximately $1,000,000,000 in cash, (ii) the Shares, valued, for purposes of the PSA, at approximately $600,000,000 (the “Stock Consideration”), and (iii) $550,000,000 in cash to be paid to Vencer on January 3, 2025, as total consideration for the Assets.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1509589/000110465924000333/0001104659-24-000333-index.htm
- Material Agreements
  CIVITAS RESOURCES, INC. entered into Registration Rights Agreement with Vencer Energy, LLC (as designee) (effective 2024-01-02).
  - Action: entry
  - Counterparty: Vencer Energy, LLC (as designee)
  - Effective: 2024-01-02
  source text: the Company and a designee of Vencer entered into a registration rights agreement, dated as of January 2, 2024 (the “Registration Rights Agreement”), pursuant to which the Company agreed to, among other things, file with the U.S. Securities and Exchange Commission a shelf registration statement (the “Registration Statement”) covering the resale of 7,181,527 shares of common stock, par value $0.01 per share, of the Company (the “Shares”) comprising the Stock Consideration (as defined below) issued in the Asset Acquisition.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1509589/000110465924000333/0001104659-24-000333-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.