Who did Civitas buy out?

With this acquisition, Civitas aims to expand its footprint in the Midland basin and leverage the resources and expertise of Vencer Energy to maximize the potential of the new assets.

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(NYSE: CIVI), also known as Civitas, has recently made an announcement regarding a significant business move. The company has successfully completed the acquisition of specific oil and gas assets located in the Midland basin in Texas.

This acquisition was initially disclosed and has now reached its final stage. The deal involved the purchase of these assets from Vencer Energy, LLC, a company backed by Vitol, a major investment firm.

The Midland basin in Texas is a strategic location for oil and gas exploration and production. The acquired assets are expected to contribute positively to Civitas' operational portfolio and enhance its market position in the energy sector.