LNG

Civitas Resources Inc., the US oil and natural gas company headquartered in Denver, has made a “transformative” entry into the Permian Basin by acquiring assets of two companies for $4.7 billion with a mixture of debt, stock and cash in the latest round of merger and acquisition activity in the sector.

Chevron Corp. has agreed to acquire Nasdaq-listed PDC Energy in an all-stock transaction valued at $6.3 billion and boosting the US major’s holdings in US strategic basins such as the Permian.