Civitas Resources, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Eric Greager
- Full Time Employees
- 109
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 410 17th St Ste 1500 Denver CO United States of America 80202
- IPO Date
- Dec 15, 2011
- CIK
- 0001509589
- Website
- bonanzacrk.com
- Similar Companies
- Business
- Civitas Resources, Inc. (NYSE: CIVI; legacy ticker BCEI) operates as an independent exploration and production company focused on the acquisition, development, and production of crude oil, natural gas, and natural gas liquids from premier assets in the Denver-Julesburg (DJ) Basin across Colorado counties including Weld, Arapahoe, Adams, and Boulder, as well as the Permian Basin spanning Texas counties such as Upton, Reagan, Glasscock, Martin, Midland, Reeves, and Loving, and New Mexico's Eddy and Lea counties; the company targets low-cost horizontal development in formations like Niobrara, Codell, Wolfcamp A, B, C, D, Barnett, and Woodford, leveraging mature infrastructure, production efficiencies, and multiple service providers to generate sustainable cash flow and peer-leading returns while employing leading ESG practices as Colorado's first carbon neutral oil and gas producer. Founded in 2021 through a $4.5 billion merger of Bonanza Creek Energy, Extraction Oil & Gas, and Crestone Peak Resources and headquartered at 410 17th Street in Denver, Colorado, Civitas conducts operations primarily in the Rocky Mountain and Permian regions of the United States, serving refineries, utilities, industrial users, and export markets with high-quality crude oil, pipeline-transported natural gas, and processed NGLs via advanced techniques including horizontal drilling and hydraulic fracturing. Recent developments include a $300 million bolt-on acquisition in the Permian Basin announced in February 2025 adding approximately 130 future drilling locations with two-mile average laterals primarily in Wolfcamp zones, successful land optimization initiatives since early 2024 extending high-quality inventory by about two years in both the DJ and Permian basins to roughly 800 and 1,200 gross locations respectively, an amendment to its revolving credit facility in February 2025 increasing elected commitments to $2.5 billion, and a definitive all-stock merger agreement announced November 3, 2025 with SM Energy Company in a $12.8 billion transformational transaction positioning Civitas shareholders to own 52% of the combined entity focused on enhanced scale, synergies, and free cash flow in the DJ and Permian basins.
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