secwatch.observer — SEC 8-K summary
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Issuer:     CIVITAS RESOURCES, INC. (—)
CIK:        0001509589
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001104659-24-000333
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civitas closes $2.15B Vencer Energy Midland basin asset acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1509589/000110465924000333/0001104659-24-000333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1509589/000110465924000333/tm2333782d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-000333

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