Civitas Resources Merges with SM Energy: A Strategic Move in the Oil and Gas Sector

Civitas Resources (NYSE:CIVI) and SM Energy merger valued at approximately $2.8 billion.The combined entity to have an enterprise value of about $12.8 billion, aiming for significant production and free cash flow by 2025.Despite the strategic merger, Civitas' stock shows limited movement, indicating a cautious market response.Civitas Resources (NYSE:CIVI) is a key player in the oil and gas industry, operating primarily in the Permian Basin, a significant shale-oil region in West Texas and New Mexico. The co ...