Current Report
Filed: 2026-01-30
Key Insights
- Civitas Resources, Inc. has been acquired by SM Energy Company through a two-step merger process, with Civitas becoming a wholly owned subsidiary of SM Energy.
- As part of the acquisition, Civitas has terminated its existing credit agreement and repaid all outstanding indebtedness.
- The transaction involved the exchange of Civitas common stock for SM Energy common stock at a ratio of 1.45 shares of SM Energy for each share of Civitas.