Civitas Resources was created through the consolidation of established oil & gas players, combining the operational legacies of Bonanza Creek Energy and Extraction Oil & Gas. It inherited a strong foothold in Colorado’s energy sector but has since extended its reach into other prolific basins, seeking scale and optionality. Its headquarters is in Denver, Colorado.
Civitas operates primarily as an exploration & production company focusing on crude oil, natural gas, and natural gas liquids. Its principal asset base lies in the Denver-Julesburg (DJ) Basin in Colorado, where it holds over 350,000 net acres in counties such as Weld, Arapahoe, Adams, and Boulder. To diversify its portfolio and access richer returns, it also owns acreage in the Permian Basin, spanning parts of Texas and New Mexico (including Upton, Reagan, Glasscock, Eddy, Lea, etc.).
Within the exploration/production sector, Civitas positions itself as a hybrid basin operator with both regional specialization (in the DJ Basin) and strategic diversification (via Permian assets). It emphasizes capital discipline and cost efficiency as central tenets in deploying investment across its acreage. That said, market dynamics and regulatory pressures in Colorado have led it to weigh divestment of DJ Basin assets — potentially shifting toward a more Permian-centric identity.
Civitas’ future hinges on how well it manages the balance between maturity in its DJ operations and growth potential in its Permian holdings. Its ability to integrate and optimize development across basins, maintain flexible capital allocation, and respond to commodity fluctuations will shape its trajectory. Meanwhile, potential asset sales or repositioning (especially of Colorado holdings) may redefine its strategic geography going forward.