Three-way merger creates Civitas Resources, new Denver-based oil company

Denver oil and gas companies completed a $4.5 billion merger Monday that combined three of the top 10 oil producers in the state into one, creating the biggest company focused solely on the Denver-Julesburg Basin of northern Colorado.

Shareholders in Bonanza Creek Energy Inc. (NYSE: BCEI) and Extraction Oil & Gas (Nasdaq: XOG) voted overwhelmingly in favor of the combination Friday, as did owners of privately-held Crestone Peak Resources. The three-way deal closed Monday.

The new company is now…


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