Vencer

Civitas Issues Statement in Conjunction with Debt Offering

Retrieved on: 
火曜日, 10月 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.

Vitol Has Agreed to Sell the Assets of Vencer Energy to Civitas Resources

Retrieved on: 
水曜日, 10月 4, 2023
Environment, Finance, Other Energy, Environmental Health, Utilities, Oil, Gas, Professional Services, Sustainability, Energy, Permian, Carbon, Vencer, Cryptocurrency, Renewable energy, Vitol

Vitol has agreed to sell the assets of Vencer Energy to Civitas Resources for $2.15 billion, subject to customary terms, conditions, and closing price adjustments.

Key Points: 
  • Vitol has agreed to sell the assets of Vencer Energy to Civitas Resources for $2.15 billion, subject to customary terms, conditions, and closing price adjustments.
  • Established in 2020, Vencer Energy acquired its foundational asset base comprised of 44,000 net acres in the Midland Basin in June 2021.
  • Ben Marshall, Head of Vitol Americas, said: “We are pleased to announce this deal with Civitas Resources and believe the Vencer assets will be an exciting complement to their growing position in the Permian.
  • We also want to thank Don Dotson, Vencer’s CEO, and the rest of the Vencer Energy team for their hard work and tremendous results over the past 3.5 years.

The Impact of Population Media Center's Vencer el Miedo

Retrieved on: 
月曜日, 12月 28, 2020
Miedo, Vencer el miedo, Adolescence, Vencer

Vencer el Miedo raised awareness around contraceptive methods and healthy sex behaviors for adolescents the key demographic of the show.

Key Points: 
  • Vencer el Miedo raised awareness around contraceptive methods and healthy sex behaviors for adolescents the key demographic of the show.
  • As part of the Vencer el Miedo ecosystem of impact, partnerships were created beyond the broadcast.
  • A survey given to callers determined that the majority of callers found it through Vencer el Miedo.
  • Vencer el Miedo continually established with ratings, viewership, and awards that entertainment with social impact can be a commercial success.