NYSE:CIVI

Civitas Resources, Inc. Announces Share Repurchase from Vitol

Retrieved on: 
Thursday, May 2, 2024
Energy, Other Energy, Oil, Gas, Permian, Acquisition, Share repurchase, CIVI

Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 1.04 million shares of its common stock from Vitol at a price of $72.00 per share, totaling $75 million.

Key Points: 
  • Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 1.04 million shares of its common stock from Vitol at a price of $72.00 per share, totaling $75 million.
  • Along with other open market sales since the first of the year, the repurchase brings Vitol’s current equity position in Civitas to less than 2% of Civitas’ outstanding shares.
  • Following the completion of the transaction, Civitas’ remaining share repurchase authorization will be approximately $338 million through the end of 2024.
  • In addition to the share repurchases, Civitas has agreed to pay $75 million of its $550 million deferred payment obligation to Vitol prior to the due date.

Civitas Resources Reports First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Oil, Gas, Energy, Permian, Acquisition, Natural gas, NGL, TIL, TILS, Civitas

As a result of operational efficiencies achieved in the Permian Basin, Civitas drilled three net miles (1.5 wells) and completed six net miles (3 wells) more than planned in the first quarter.

Key Points: 
  • As a result of operational efficiencies achieved in the Permian Basin, Civitas drilled three net miles (1.5 wells) and completed six net miles (3 wells) more than planned in the first quarter.
  • “This quarter was the first reporting period that all our new businesses were together, and our results highlight just the beginning of Civitas' bright future ahead.
  • Sales volume for the first quarter 2024 were higher than expected at 336 MBoe/d, which benefited from continued strong well performance and accelerated turn-in-line ("TIL") timing.
  • NGL realizations per barrel represented 29% of West Texas Intermediate crude oil in the first quarter of 2024.

Civitas Resources, Inc. Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, May 2, 2024
Oil, Gas, Energy, CIVI

Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that its Board of Directors approved a quarterly dividend of $1.50 per share, payable on June 26, 2024 to shareholders of record as of June 12, 2024.

Key Points: 
  • Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that its Board of Directors approved a quarterly dividend of $1.50 per share, payable on June 26, 2024 to shareholders of record as of June 12, 2024.
  • The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.00 per share.
  • Additional details regarding the calculation of the variable dividend can be found in the Company’s latest investor presentation located on its website.

EnerCom Announces Mike Wirth, Chairman and Chief Executive Officer of Chevron, as Keynote Speaker at the 29th Annual EnerCom Denver - The Energy Investment Conference

Retrieved on: 
Wednesday, May 1, 2024
E&P, Energy transition, Conference, Fireside

For the past 29 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas industry and broadening energy industry that is open to all energy companies, investors, and professionals to participate.

Key Points: 
  • For the past 29 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas industry and broadening energy industry that is open to all energy companies, investors, and professionals to participate.
  • This year's conference will occur August 18-21, 2024, at The Westin Denver Downtown.
  • Institutional investors, portfolio managers, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver at www.EnerComDenver.com .
  • Registering for the conference for qualified investment professionals is free.

EnerCom is Pleased to Announce that Registration is Now Open for the 29th Annual EnerCom Denver - The Energy Investment Conference

Retrieved on: 
Tuesday, April 16, 2024
Conference, Lunch, Research, Breakfast, NSAI, Q&A

DENVER, April 16, 2024 /PRNewswire/ -- EnerCom, Inc. announced today that registration is open for EnerCom Denver- The Energy Investment Conference. Institutional investors, portfolio managers, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for the conference, which will take place August 18–21, 2024, at the Westin Denver Downtown.

Key Points: 
  • EnerCom will host its annual Charity Golf Tournament on Sunday, August 18th at the scenic Arrowhead Golf Club in Littleton, Colorado.
  • The annual EnerCom Denver Golf Tournament is a fundraiser for IN!
  • Qualified investment professionals and oil and gas company executives may register for the event at no cost through the conference website .
  • Conference Format and Details: The EnerCom Denver conference follows EnerCom's familiar 25-minute presentation format, followed by 50-minute Q&A opportunities in separate breakout rooms, one-on-one meetings, and multiple networking opportunities.

Civitas Resources, Inc. Schedules First Quarter 2024 Conference Call and Webcast

Retrieved on: 
Friday, April 5, 2024
Oil, Gas, Energy, Webcast, CIVI

Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its first quarter 2024 operating and financial results after market close on Thursday, May 2, 2024.

Key Points: 
  • Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its first quarter 2024 operating and financial results after market close on Thursday, May 2, 2024.
  • A conference call and webcast is planned for 9 a.m. MT (11 a.m.
  • ET), on Friday, May 3, 2024.
  • The dial-in number for the call is 888-510-2535, with passcode 4872770.

Civitas Announces Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Tuesday, February 27, 2024
Energy, Natural Resources, Other Natural Resources, Oil, Gas, Permian, Acquisition, Civitas, CIVI, Investment, Capital expenditure, Webcast, Public expenditure, Holding company

Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its fourth quarter and full-year 2023 financial and operating results, as well as provided its 2024 outlook.

Key Points: 
  • Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its fourth quarter and full-year 2023 financial and operating results, as well as provided its 2024 outlook.
  • A webcast and conference call to discuss the results is planned for 8:00 a.m. MT (10:00 a.m.
  • Participation details are available in this release, and supplemental materials can be accessed on the Company's website, www.civitasresources.com .
  • Approximately 60% of total investments are planned to be allocated to the Permian Basin, with the remainder to the DJ Basin.

Civitas Resources, Inc. Announces Share Repurchase From NGP

Retrieved on: 
Tuesday, February 27, 2024
Energy, Other Energy, Oil, Gas, Share repurchase, Acquisition, CIVI, NGP, Cryptocurrency

Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 876 thousand shares of its common stock at a price of $64.54 per share from NGP Tap Rock Holdings, LLC and certain of its affiliates (“NGP”).

Key Points: 
  • Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 876 thousand shares of its common stock at a price of $64.54 per share from NGP Tap Rock Holdings, LLC and certain of its affiliates (“NGP”).
  • The transaction was approved by the Company’s Board of Directors, and the repurchase is expected to close in early March 2024.
  • Following the transaction, NGP will no longer own any shares of Civitas.
  • NGP’s original ownership in Civitas was established through Civitas’ mid-2023 acquisition of Tap Rock Resources, LLC.

Civitas Resources, Inc. Schedules Year-end 2023 and 2024 Outlook Conference Call and Webcast

Retrieved on: 
Monday, January 29, 2024
Oil, Gas, Energy, CIVI, Webcast

Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its fourth quarter 2023 operating and financial results and its 2024 outlook after market close on Tuesday, February 27, 2024.

Key Points: 
  • Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its fourth quarter 2023 operating and financial results and its 2024 outlook after market close on Tuesday, February 27, 2024.
  • A conference call and webcast is planned for 8 a.m. MT (10 a.m.
  • ET), on Wednesday, February 28, 2024.
  • The dial-in number for the call is 888-510-2535, with passcode 4872770.

Civitas Resources Appoints Brad Whitmarsh to Lead Investor Relations Program

Retrieved on: 
Tuesday, January 9, 2024
Energy, Utilities, Oil, Gas, Permian, CO2, CIVI, Texas A&M University, Business administration, Noble Energy, Carbon dioxide

Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today announced that Brad Whitmarsh has joined Civitas as Vice President, Investor Relations.

Key Points: 
  • Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today announced that Brad Whitmarsh has joined Civitas as Vice President, Investor Relations.
  • Mr. Whitmarsh joins Civitas with more than 20 years of leadership experience in the oil and gas industry.
  • Prior to Civitas, Mr. Whitmarsh most recently served as Vice President, Investor Relations for Denbury Inc., a U.S. focused producer utilizing carbon dioxide (CO2) via enhanced oil recovery to produce carbon-negative oil.
  • Prior to Denbury Inc., Mr. Whitmarsh was with Noble Energy Inc., as its Vice President of Investor Relations.