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Company Report
Civitas Resources, Inc. is a prominent exploration and production company specializing in oil and natural gas operations across the Rocky Mountain region, with a primary focus on the prolific Wattenberg Field within the Denver-Julesburg Basin in Colorado. Known for its strategic acquisitions and development initiatives, Civitas Resources aims to maximize the extraction and production of hydrocarbons while maintaining a commitment to environmental stewardship and operational efficiency.
As of December 31, 2021, Civitas Resources reported substantial proved reserves totaling 397.7 million barrels of oil equivalent (MMBoe). These reserves consist of 143.6 million barrels of crude oil, 106.0 million barrels of natural gas liquids, and 888.5 billion cubic feet of natural gas. This robust reserve base underscores the company's capability to sustain long-term production and support its growth trajectory in the energy sector.
Founded originally as Bonanza Creek Energy, Inc. in 1999, Civitas Resources underwent a strategic rebranding in November 2021 to better align its corporate identity with its operational focus and growth ambitions. Headquartered in Denver, Colorado, Civitas Resources continues to play a pivotal role in the regional energy landscape, leveraging its expertise and resources to navigate dynamic market conditions and capitalize on emerging opportunities in the oil and gas sector.
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