Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.    )*

 

 

Civitas Resources, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

17888H103

(CUSIP Number)

January 2, 2024

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 17888H103   Schedule 13G   Page 2 of 13

 

  1    

  Names of Reporting Persons

 

  Vencer Energy Holdings, LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  7,181,527

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  7,181,527

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  7,181,527

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.1%

12  

  Type of Reporting Person

 

  OO


CUSIP No. 17888H103   Schedule 13G   Page 3 of 13

 

  1    

  Names of Reporting Persons

 

  Vencer Energy AIV, LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  7,181,527

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  7,181,527

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  7,181,527

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.1%

12  

  Type of Reporting Person

 

  OO


CUSIP No. 17888H103   Schedule 13G   Page 4 of 13

 

  1    

  Names of Reporting Persons

 

  V-US Upstream Co.

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  7,181,527

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  7,181,527

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  7,181,527

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.1%

12  

  Type of Reporting Person

 

  CO


CUSIP No. 17888H103   Schedule 13G   Page 5 of 13

 

  1    

  Names of Reporting Persons

 

  Vitol US Holding Co.

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  7,181,527

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  7,181,527

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  7,181,527

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.1%

12  

  Type of Reporting Person

 

  CO


CUSIP No. 17888H103   Schedule 13G   Page 6 of 13

 

  1    

  Names of Reporting Persons

 

  Euromin Inc.

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  7,181,527

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  7,181,527

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  7,181,527

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.1%

12  

  Type of Reporting Person

 

  OO


CUSIP No. 17888H103   Schedule 13G   Page 7 of 13

 

  1    

  Names of Reporting Persons

 

  Vitol Holding B.V.

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  The Netherlands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  7,181,527

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  7,181,527

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  7,181,527

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  7.1%

12  

  Type of Reporting Person

 

  OO


CUSIP No. 17888H103   Schedule 13G   Page 8 of 13

 

ITEM 1.

(a)     Name of Issuer:

Civitas Resources, Inc. (the “Issuer”).

 

  (b)

Address of Issuer’s Principal Executive Offices:

410 17th Street, Suite 1400, Denver, Colorado 80202

 

ITEM 2.

(a)     Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

Vencer Energy Holdings, LLC (“Vencer Holdings”),

Vencer Energy AIV, LLC (“Vencer AIV”),

V-US Upstream Co. (“V-US”)

Vitol US Holding Co. (“Vitol US”)

Euromin Inc. (“Euromin”)

Vitol Holding B.V. (“Vitol Holding”)

 

  (b)

Address or Principal Business Office:

The principal business address for Vitol Holding is Weena 690, 18th Floor, 3012 CN Rotterdam, the Netherlands. The principal business address for Vencer AIV is 94 Solaris Avenue, Camana Bay, P.O. Box 1348, Grand Cayman, KY1-1108. The principal business address for each of the remaining Reporting Persons is 2925 Richmond Ave., 11th Floor, Houston, TX 77098.

 

  (c)

Citizenship of each Reporting Person is:

Vitol Holding is organized under the laws of the Netherlands. Vencer AIV is organized under the laws of the Cayman Islands. Each of the other Reporting Persons is organized under the laws of Delaware.

 

  (d)

Title of Class of Securities:

Common Stock, par value $0.01per share (“Common Stock”).

 

  (e)

CUSIP Number:

17888H103

 

ITEM 3.

Not applicable.


CUSIP No. 17888H103   Schedule 13G   Page 9 of 13

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of the shares of Common Stock as of the date hereof, based upon 100,955,374 shares of Common Stock outstanding as of January 2, 2024.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole
power
to vote
or to
direct
the vote:
     Shared
power to
vote or to
direct the
vote:
    

Sole
power to
dispose or
to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

Vencer Energy Holdings, LLC

     7,181,527        7.1     0        7,181,527        0        7,181,527  

Vencer Energy AIV, LLC

     7,181,527        7.1     0        7,181,527        0        7,181,527  

V-US Upstream Co.

     7,181,527        7.1     0        7,181,527        0        7,181,527  

Vitol US Holding Co.

     7,181,527        7.1     0        7,181,527        0        7,181,527  

Euromin Inc.

     7,181,527        7.1     0        7,181,527        0        7,181,527  

Vitol Holding B.V.

     7,181,527        7.1     0        7,181,527        0        7,181,527  

Vencer Holdings is the record holder of the shares of Common Stock reported herein. Vitol Holding is the sole shareholder of Euromin, which is the sole shareholder Vitol US. Vitol US is the sole shareholder of V-US, which is the sole member of Vencer AIV, which is the majority member of Vencer Holdings. As a result of such relationships, each of the foregoing entities may be deemed to share beneficial ownership of the shares of Common Stock held by Vencer Holdings.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.


CUSIP No. 17888H103   Schedule 13G   Page 10 of 13

 

ITEM 10.

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.


CUSIP No. 17888H103   Schedule 13G   Page 11 of 13

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: January 11, 2024

 

Vencer Energy Holdings, LLC
By:  

/s/ Nimesh Bhakta

Name: Nimesh Bhakta
Title: Director
Vencer Energy AIV, LLC
By:  

/s/ Nimesh Bhakta

Name: Nimesh Bhakta
Title: Manager
V-US Upstream Co.
By:  

/s/ Nimesh Bhakta

Name: Nimesh Bhakta
Title: Director
Vitol US Holding Co.
By:  

/s/ Richard J. Evans

Name: Richard J. Evans
Title: Director
Euromin Inc.
By:  

/s/ Richard J. Evans

Name: Richard J. Evans
Title: Director


CUSIP No. 17888H103   Schedule 13G   Page 12 of 13

 

Vitol Holding B.V.
By:  

/s/ Andries P. Eeltink

Name: Andries P. Eeltink
Title: Director
By:  

/s/ Valentine J. Douglas

Name: Valentine J. Douglas
Title: Director


CUSIP No. 17888H103   Schedule 13G   Page 13 of 13

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

99    Joint Filing Agreement.

 

Exhibit 99

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that they are jointly filing this statement on Schedule 13G. Each of them is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of the 11th day of January, 2024.

 

Vencer Energy Holdings, LLC
By:  

/s/ Nimesh Bhakta

Name: Nimesh Bhakta
Title: Director
Vencer Energy AIV, LLC
By:  

/s/ Nimesh Bhakta

Name: Nimesh Bhakta
Title: Manager
V-US Upstream Co.
By:  

/s/ Nimesh Bhakta

Name: Nimesh Bhakta
Title: Director
Vitol US Holding Co.
By:  

/s/ Richard J. Evans

Name: Richard J. Evans
Title: Director


Euromin Inc.
By:  

/s/ Richard J. Evans

Name: Richard J. Evans
Title: Director
Vitol Holding B.V.
By:  

/s/ Andries P. Eeltink

Name: Andries P. Eeltink
Title: Director
By:  

/s/ Valentine J. Douglas

Name: Valentine J. Douglas
Title: Director

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