Civitas Resources may sell its Colorado assets for over $4 billion to focus on the Permian Basin.

Civitas Resources is considering selling its assets in Colorado's Denver-Julesburg Basin, potentially valued at over $4 billion, to focus more on the Permian Basin. The company is working with a financial advisor to assess buyer interest. If it sells, Civitas plans to use the proceeds for further acquisitions and to reduce debt, aiming to strengthen its position as a "pure-play" Permian company.

3 months ago
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