Civitas Resources, Inc. (CIVI)

Civitas Resources, Inc. is an energy company primarily focused on oil and gas exploration and production. It was formed in 2021 through a merger of Bonanza Creek Energy, Inc. and Extraction Oil & Gas, Inc., creating a new entity poised to be one of the largest oil and gas producers in Colorado's Denver-Julesburg (DJ) Basin. Headquartered in Denver, Colorado, Civitas emphasizes sustainable and efficient operations, integrating environmental, social, and governance (ESG) principles into its business model. The company's strategy focuses on maintaining a strong balance sheet while producing energy responsibly. With this merger, Civitas has expanded its resource base and operational capabilities, aiming to deliver value to shareholders through disciplined capital allocation and efficient production practices. While specific revenue figures can fluctuate, Civitas is recognized for its strong production profile and substantial asset base in one of the prolific basins in the United States.