SM Energy is acquiring Civitas in $13 billion oil and gas merger of near equals in the Permian Basin

Fortune•Monday, November 3, 2025 at 3:52:11 PM

SM Energy's acquisition of Civitas for $13 billion marks a significant moment in the oil and gas industry, highlighting ongoing consolidation in the sector. This merger not only represents one of the largest deals in recent months but also underscores the strategic moves companies are making to strengthen their positions in the competitive Permian Basin. As the industry evolves, such mergers can lead to increased efficiency and innovation, ultimately benefiting consumers and investors alike.

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