Denver-based Civitas Resources said Nov. 7 in its third quarter earnings and results report that integration continues for its first assets in Permian Basin from Tap Rock Resources and Hibernia Energy III. “Our third quarter results were solid as we continued to integrate our new Permian position and deliver on our promises to our shareholders,” Chris Doyle, CEO, said. Integration is forecast to be completed by yearend 2023.
Production in third quarter for Civitas was 235,268 boed (48 percent oil) – up 33 percent over the same period last year by benefitting from two months of Permian volumes after closing Aug. 2. Permian production was 67,000 boed (49 percent oil).