Civitas Resources Inc (OTCPK:CIVII)

$ 0.17 0 (0%) Market Cap: - Enterprise Value: - PE Ratio: 5.08 PB Ratio: 0.76 GF Score: 80/100

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Civitas Resources Inc and Crestone Peak Resources LLC: Preeminent DJ Basin Pure Play - M&A Call Transcript

Jun 07, 2021 / 01:00PM GMT

Transcript

Operator

Good morning. I am Andrea, and I will be your conference facilitator today. I would like to welcome everyone to the Civitas Research (sic) [Resources] Acquisition of Crestone Peak Resources Conference Call. (Operator Instructions) I would now like to turn the conference over to Marianella Foschi. Please begin.

Marianella Foschi

Extraction Oil & Gas, Inc. - CFO

Good morning, everyone, and thank you for joining this call on short notice. I am Marianella Foschi, Chief Financial Officer of Extraction Oil & Gas. Earlier this morning, Civitas Resources, which will be formed upon the closing -- the recently announced merger of Bonanza Creek Energy and Extraction Oil & Gas, announced that it has materially advanced its consolidation strategy in the Denver-Julesburg Basin by entering into a definitive agreement to acquire Crestone Peak Resources in an all-stock transaction.

The purpose of this call is to discuss that announcement, to walk through an accompanying presentation and to answer any questions that you may have. Joining us in prepared

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