{"id":1951622,"date":"2023-06-20T07:03:02","date_gmt":"2023-06-20T11:03:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/civitas-resources-to-buy-permian-assets-from-ngp-energy-for-4-7-billion\/"},"modified":"2023-06-20T07:05:22","modified_gmt":"2023-06-20T11:05:22","slug":"civitas-resources-to-buy-permian-assets-from-ngp-energy-for-4-7-billion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/civitas-resources-to-buy-permian-assets-from-ngp-energy-for-4-7-billion\/","title":{"rendered":"Civitas Resources acquires Permian assets from NGP Energy for $4.7B."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcivitas-resources-to-buy-permian-assets-from-ngp-energy-for-4-7-billion%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1951622&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) \u2013 Civitas Resources to Expand Operations in Permian Basin with $4.7 Billion Acquisition<\/p>\n<p>Exciting news in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-circuit-breaker-on-election-night\/\" title=\"The question looms: just how does it come to be that three quarters of Republican and nearly one third of Democrat voters all believe that the election was stolen from Trump?\">energy industry<\/a>! Civitas Resources announced on Tuesday its plans to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economic-slump-is-unavoidable-without-russian-oil-dallas-fed-study-says\/\" title=\"Economic Slump Is 'Unavoidable' Without Russian Oil, Dallas Fed Study Says\">acquire oil<\/a> and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/members-of-bidens-environmental-justice-advisory-council-have-history-of-radicalism-claiming-fossil-fuels-are-racist\/\" title=\"Members Of Biden\u2019s \u2018Environmental Justice\u2019 Advisory Council Have History Of Radicalism, Claiming Fossil Fuels Are Racist\">gas operations<\/a> in the Permian Basin from private equity firm NGP Energy Capital Management. This strategic move will not only expand Civitas&#8217; operations but also give them access to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/civitas-resources-to-buy-permian-assets-from-ngp-energy-for-4-7-billion\/\" title=\"Civitas Resources acquires Permian assets from NGP Energy for .7B.\">highly lucrative shale patch<\/a>.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The deal includes the purchase of a portion of Tap Rock&#8217;s Delaware Basin assets and all of Hibernia&#8217;s Midland Basin assets. Both Tap Rock and Hibernia are portfolio companies of funds managed by NGP.<\/p>\n<p>Reuters was the first to report on Civitas&#8217; advanced talks with NGP regarding the acquisition of these Permian Basin-focused assets.<\/p>\n<p>The Permian Basin is a prime target for energy producers due to its infrastructure, high productivity, and large undeveloped reserves. It spans across Texas and New Mexico, making it an ideal location for expanding inventories.<\/p>\n<p>We can expect the deals to be finalized in the third quarter of 2023.<\/p>\n<\/p>\n<p> (Reporting by Mrinalika Roy in Bengaluru; Editing by Shilpi Majumdar)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/civitas-resources-to-buy\/attachment\/an-oil-production-site-run-by-civitas-resources-is-seen\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Joe Rogan Calls for a Pfizer Friend to Debate RFK Jr. on Vaccines<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Exclusive Interview: Owner of Highwood Creek Outfitters Facility Shares Experience of IRS and ATF Raid<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Joe Rogan Offers Generous Donation to Charity for Vaccine Scientist Peter Hotez to Debate Robert F. 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The deal also includes the acquisition of a section of Tap Rock&#8217;s Delaware Basin.<\/p>\n","protected":false},"author":66,"featured_media":1951623,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[29150,24938,12450,29148,4486,29149,29147,16650],"class_list":["post-1951622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-4-7b","tag-acquires","tag-assets","tag-civitas","tag-energy","tag-ngp","tag-permian","tag-resources"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1951622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1951622"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1951622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1951623"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1951622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1951622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1951622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}