CIVI Profile
Civitas Resources, Inc., an exploration and production company, specializes in acquiring, developing, and producing oil and natural gas resources primarily in the Rocky Mountain region, focusing prominently on the Wattenberg Field within the Denver-Julesburg Basin of Colorado. As of December 31, 2021, the company reported proven reserves totaling 397.7 million barrels of oil equivalent (MMBoe), comprising 143.6 million barrels of crude oil, 106.0 million barrels of natural gas liquids, and 888.5 billion cubic feet of natural gas.
Founded in 1999 and headquartered in Denver, Colorado, Civitas Resources, Inc. was formerly known as Bonanza Creek Energy, Inc. before rebranding in November 2021. The company's strategic location in the heart of the Wattenberg Field positions it advantageously within one of the United States' most prolific hydrocarbon basins, known for its significant reserves and favorable geology.
Civitas Resources, Inc. employs advanced exploration and production techniques to optimize the recovery and development of its assets. The company's operational focus includes leveraging technological advancements and industry expertise to enhance efficiency and sustainability across its operations, ensuring responsible resource management and environmental stewardship.
Moving forward, Civitas Resources, Inc. continues to pursue growth opportunities within the energy sector, driven by its robust portfolio of proven reserves and commitment to operational excellence. With a steadfast dedication to maximizing shareholder value and adhering to high standards of corporate governance, the company remains well-positioned to capitalize on emerging trends and maintain its leadership in the Rocky Mountain region's energy landscape.
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