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Civitas Resources to buy oil and gas producer Crestone Peak Resources

June 7 (Reuters) - Civitas Resources Inc said on Monday it would acquire oil and gas producer Crestone Peak Resources, as it looks to scale up in Colorado’s Denver-Julesburg Basin.

Civitas will be formed after the merger of Bonanza Creek Energy Inc and Extraction Oil & Gas Inc closes and is expected to have an enterprise value of about $4.5 billion.

Reporting by Arathy S Nair in Bengaluru; Editing by Arun Koyyur

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