Civitas

Civitas Networks for Health to Host 2024 Annual Conference in Detroit This October

Retrieved on: 
Thursday, March 28, 2024
Organization, IHS, Conference, Health equity, Partnership, CRISP, Wayne State University, Public, Human services, Indian Health Service, Phoenix Project, Civitas, HIE, Nursing

WASHINGTON, March 28, 2024 (GLOBE NEWSWIRE) -- Civitas Networks for Health today announced its 2024 Annual Conference will take place Tuesday, October 15 through Thursday, October 17, 2024, in Detroit, Michigan.

Key Points: 
  • WASHINGTON, March 28, 2024 (GLOBE NEWSWIRE) -- Civitas Networks for Health today announced its 2024 Annual Conference will take place Tuesday, October 15 through Thursday, October 17, 2024, in Detroit, Michigan.
  • "We are thrilled to host the 2024 Civitas Annual Conference in Detroit, a city known for its resilience and innovation,” said Lisa Bari, CEO, Civitas Networks for Health.
  • Civitas’ Host Committee includes the following member organizations: Blue Cross Blue Shield Association , Health Impact Ohio , Illinois Public Health Institute , Indiana Health Information Exchange , MetaStar , Michigan Health Information Network , Michigan Multipayer Initiatives , Michigan Public Health Institute , Ohio Health Information Partnership , PHOENIX Project – Wayne State University , The Health Collaborative , Velatura HIE Corporation , Wisconsin Collaborative for Healthcare Quality , and Wisconsin Statewide Health Information Network .
  • The conference agenda will feature expert keynote speakers, each offering unique insights on turning health data into meaningful health care outcomes.

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 CAPITAL GROUP PROMOTES RYAN MONTEIRO TO CHIEF FINANCIAL OFFICER AND MANAGING DIRECTOR

Retrieved on: 
Wednesday, January 24, 2024
Asset management, Bachelor, Moses Austin, Civitas, PwC, Executive Committee, Associate, Monteiro, Bachelor of Business Administration, Business administration, EB-5, Valero, University, Accounting, Special, CPA, Investment management, Jahnke, AUM, Lead, Master of Business Administration, Growth, Management

DALLAS, Jan. 24, 2024 /PRNewswire/ -- Civitas Capital Group, a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, today announced that Ryan Monteiro has been promoted to Managing Director and Chief Financial Officer.

Key Points: 
  • DALLAS, Jan. 24, 2024 /PRNewswire/ -- Civitas Capital Group , a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, today announced that Ryan Monteiro has been promoted to Managing Director and Chief Financial Officer.
  • "During his five years with Civitas, Ryan played a critical role in solidifying the firm's financial foundation," added Civitas President and Chief Investment Officer Jonathan Kern, "and dramatically increasing the firm's liquidity – thereby positioning Civitas for its next growth phase.
  • "I'm excited to continue building a solid financial foundation at Civitas, one that supports our growth outlook in 2024 and beyond," Monteiro said.
  • Prior to joining Civitas, Mr. Monteiro was the Chief Financial Officer at Oaxaca Interests, a real estate development company and asset manager focused on urban core development.

Civitas Resources Closes Acquisition of Vencer Energy

Retrieved on: 
Tuesday, January 2, 2024
Energy, Utilities, Oil, Gas, Permian, Hand, Acquisition, CIVI, Civitas, Sale

Civitas Resources, Inc. (NYSE: CIVI) (“Civitas”) today announced the closing of its previously announced acquisition (the “Acquisition”) of certain oil and gas assets in the Midland basin in Texas from Vencer Energy, LLC (“Vencer”), a Vitol investment.

Key Points: 
  • Civitas Resources, Inc. (NYSE: CIVI) (“Civitas”) today announced the closing of its previously announced acquisition (the “Acquisition”) of certain oil and gas assets in the Midland basin in Texas from Vencer Energy, LLC (“Vencer”), a Vitol investment.
  • Under the terms of the agreement, Civitas issued Vencer 7,181,527 shares of common stock and $1 billion of cash.
  • Civitas currently plans to use cash on hand and/or borrowings on the credit facility to fund the deferred cash payment.
  • Chris Doyle, Civitas President & CEO, commented, “Civitas now holds high-quality, scaled asset positions in both the Permian and DJ basins.

USCIS Awards Civitas Investor I-526E Approval in 52 days

Retrieved on: 
Wednesday, December 13, 2023
Form, RIA, EB-5, General Toll Switching Plan, Financial adviser, Civitas

This is the firm's second approval on a Form I-526E, Immigrant Petition by Regional Center Investor since passage of the EB-5 Reform and Integrity Act of 2022 ("RIA").

Key Points: 
  • This is the firm's second approval on a Form I-526E, Immigrant Petition by Regional Center Investor since passage of the EB-5 Reform and Integrity Act of 2022 ("RIA").
  • "Positive news like this has really boosted confidence in the EB-5 program among investors," said Jeff Kiser, Director and Head of EB-5 Investor Relations for Civitas.
  • "52 days is one of the fastest approvals we've seen in the industry since the RIA was enacted."
  • This Form I-526E approval comes on the heels of other recent Civitas approvals of another Form I-526E, as well as approval of Form I-956 and Form I-956F.

USCIS Awards Civitas Central Regional Center I-956 Approval, Covering Four States

Retrieved on: 
Friday, December 1, 2023
KLD, Form, Reform, USCIS, News, EB-5, RIA, Pharmaceutical industry, Medical device, Civitas

DALLAS, Dec. 1, 2023 /PRNewswire/ -- Civitas Capital Group , a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, today announced that it has received Form I-956 approval from the United States Citizenship and Immigration Services (USCIS) for Civitas Central Regional Center.

Key Points: 
  • DALLAS, Dec. 1, 2023 /PRNewswire/ -- Civitas Capital Group , a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, today announced that it has received Form I-956 approval from the United States Citizenship and Immigration Services (USCIS) for Civitas Central Regional Center.
  • The Form I-956, which was prepared and filed on behalf of Civitas by immigration advisors KLD LLP , was designed to prove to USCIS that the multistate regional center is compliant with EB-5 program requirements.
  • The adjudication of the I-956 for the regional center in just eight months is exciting news, as Civitas has five other multistate regional centers awaiting approval.
  • If approved, these six multistate regional centers would give Civitas EB-5 sponsorship approval covering most of the United States.

USCIS Awards Civitas Aspen Fund I-956F Approval in Only Five Months

Retrieved on: 
Thursday, November 16, 2023
KLD, Hope, Form, Reform, Targeted Employment Area, Tree plantation, USCIS, News, EB-5, RIA, Aspen, Civitas

An approved Form I-956F is a vital first step to the approval of each investor's I-526E petition.

Key Points: 
  • An approved Form I-956F is a vital first step to the approval of each investor's I-526E petition.
  • "On behalf of our investors, Civitas is thrilled that our Form I-956F was approved so quickly."
  • "On behalf of our investors, Civitas is thrilled that our Form I-956F was approved so quickly," said Jeff Kiser, Director and Head of EB-5 Investor Relations for Civitas.
  • It's encouraging for us to see USCIS take the intention of the RIA and bear it out with actual, real-world results."

Civitas Resources Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Energy, Natural Resources, Other Natural Resources, Oil, Gas, Permian, Devon Energy, Virginia University, Wells, West Virginia University, Noble Energy, BP, Chemical engineering, Civitas, Technical director, BS, G&A, Acquisition, Senior, Texas A&M University, Natural gas, Investment, WTI, Petroleum, Airline, Management, Safety, Health, LNG

Net crude oil, natural gas, and natural gas liquids revenue in the third quarter of 2023 was $1.0 billion, compared to $660.5 million in the second quarter of 2023 as average daily sales volumes increased 36% and realized prices increased 15%.

Key Points: 
  • Net crude oil, natural gas, and natural gas liquids revenue in the third quarter of 2023 was $1.0 billion, compared to $660.5 million in the second quarter of 2023 as average daily sales volumes increased 36% and realized prices increased 15%.
  • Lease operating expense for the third quarter of 2023, on a unit basis, increased to $4.37 per Boe from $3.24 per Boe in the second quarter of 2023, reflecting the addition of two months of Permian operations.
  • On a per unit basis, the Company's G&A expenses decreased 21% sequentially from $2.12 per Boe in the second quarter of 2023 to $1.67 per Boe in the third quarter of 2023.
  • Civitas is expanding its leadership team with two key additions:
    Sam Blatt will lead Civitas' Permian operations as Senior Vice President - Permian.

Civitas Issues Statement in Conjunction with Debt Offering

Retrieved on: 
Tuesday, October 10, 2023
Energy, Other Energy, Oil, Gas, Vencer, NYSE, Civitas, Acquisition, CIVI, Sale, Bank

Civitas Resources’ (NYSE: CIVI) (“Civitas” or the “Company”) CEO Chris Doyle today issued the following statement in conjunction with the Company’s recently announced debt offering:

Key Points: 
  • Civitas Resources’ (NYSE: CIVI) (“Civitas” or the “Company”) CEO Chris Doyle today issued the following statement in conjunction with the Company’s recently announced debt offering:
    “Today’s debt offering is expected to successfully finance our accretive Vencer acquisition.
  • There is inherent flexibility in our capital structure, and we see tremendous value in our equity at today’s levels.
  • With expectations for $300 million or more in non-core asset sales, we anticipate maintaining a strong capital structure rapidly advancing towards our 0.75x mid-cycle leverage target.”
    “Our Vencer transaction was purposely structured with optionality, including a $550 million deferred payment due in January 2025.
  • This flexibility allowed us to navigate recent oil price volatility and ensure we maintain low leverage.”
    “We are transforming Civitas into a balanced, well capitalized enterprise with an enviable portfolio of oil assets in the U.S.’ top three oil basins.”
    This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

CIVITAS CAPITAL GROUP AND THE SHELTER COMPANIES TOP OUT COLIVING MULTIFAMILY DEVELOPMENT IN MONTROSE

Retrieved on: 
Thursday, October 5, 2023
Unity (game engine), Walking, Civitas, Common, University, Rice University, Co-living, Learning, City, University of St. Thomas (Texas), Housing, Adler, Ridesharing, Investment

HOUSTON , Oct. 5, 2023 /PRNewswire/ -- The trendsetting coliving multifamily project UNITi Montrose is topped out in Houston's Montrose district.

Key Points: 
  • HOUSTON , Oct. 5, 2023 /PRNewswire/ -- The trendsetting coliving multifamily project UNITi Montrose is topped out in Houston's Montrose district.
  • The nine-story building developed by Civitas Capital Group's residential development subsidiary The Shelter Companies will soon provide attainable rental housing in one of the most desirable submarkets of Houston.
  • Constructed by general contractor Arch-Con® Corporation, UNITi Montrose will be one of the first coliving developments in Houston, offering 161 private rooms within 48 shared suites.
  • They tapped Common, a leading operator of coliving communities in North America, to be the property manager for UNITi Montrose.