Civitas Resources: More Than Half Its Production Now Comes From The Permian (NYSE:CIVI)

Civitas Resources (NYSE:CIVI) has remade itself after a series of acquisitions. Slightly over half of its total production is expected to come from the Permian after its latest $2.1 billion Vencer acquisition.

All these acquisitions have resulted in

Type Units $/Unit $ Million
Oil (Barrels) 58,400,000

$73.25

$4,278
NGLs (Barrels) 30,249,375 $25.00 $756
Natural Gas [MCF] 201,753,750 $2.85 $575
Hedge Value -$34
Total Revenue $5,575

Expenses $ Million
Cash Opex $1,192
Production Taxes $435
Cash Interest $360
CapEx $2,100
Total Expenses $4,087

Read the full article here