Civitas Comments on Lowry Ranch CAP Approval
Civitas Resources (NYSE: CIVI) has received approval from Colorado's Energy and Carbon Management Commission for the Lowry Ranch Comprehensive Area Plan (CAP) in the Watkins area of the DJ Basin. This approval allows Civitas to begin drilling operations in the Lowry Ranch area in 2024.
The COO, Hodge Walker, emphasized that the CAP approval resulted from thorough work by the Civitas team and extensive stakeholder engagement. The plan aims to ensure safe development of natural resources while protecting the environment and minimizing community impacts. Walker also noted that Watkins is a prolific development area within the DJ Basin.
Civitas Resources (NYSE: CIVI) ha ricevuto l'approvazione dalla Commissione Energetica e di Gestione del Carbonio del Colorado per il Piano dell'Area Completa di Lowry Ranch (CAP) nella zona di Watkins, situata nel bacino DJ. Questa approvazione consente a Civitas di iniziare le operazioni di perforazione nell'area di Lowry Ranch nel 2024.
Il COO, Hodge Walker, ha sottolineato che l'approvazione del CAP è il risultato del lavoro approfondito del team di Civitas e di un'ampia partecipazione degli stakeholder. Il piano mira a garantire lo , proteggendo al contempo l'ambiente e minimizzando l'impatto sulla comunità. Walker ha anche notato che Watkins è un area di sviluppo prolifico all'interno del bacino DJ.
Civitas Resources (NYSE: CIVI) ha recibido la aprobación de la Comisión de Energía y Gestión del Carbono de Colorado para el Plan de Área Integral de Lowry Ranch (CAP) en el área de Watkins, en la cuenca DJ. Esta aprobación permite a Civitas comenzar las operaciones de perforación en el área de Lowry Ranch en 2024.
El COO, Hodge Walker, enfatizó que la aprobación del CAP es resultado del trabajo minucioso del equipo de Civitas y del extenso compromiso con las partes interesadas. El plan tiene como objetivo garantizar el desarrollo seguro de los recursos naturales mientras se protege el medio ambiente y se minimizan los impactos en la comunidad. Walker también señaló que Watkins es un área de desarrollo prolífica dentro de la cuenca DJ.
시비타스 리소스 (NYSE: CIVI)는 콜로라도 에너지 및 탄소 관리 위원회로부터 DJ 분지의 와킨스 지역에 있는 로우리 랜치 전체 지역 계획(CAP)에 대한 승인을 받았습니다. 이 승인은 시비타스가 2024년에 로우리 랜치 지역에서 굴착 작업을 시작할 수 있도록 허용합니다.
COO인 호지 워커는 CAP 승인이 시비타스 팀의 철저한 작업과 광범위한 이해관계자 참여의 결과라고 강조했습니다. 이 계획은 자연 자원의 안전한 개발을 보장하는 것을 목표로 하면서 환경을 보호하고 지역 사회에 미치는 영향을 최소화하기 위해 노력하고 있습니다. 워커는 또한 와킨스가 DJ 분지 내에서 아주 생산적인 개발 지역이라고 언급했습니다.
Civitas Resources (NYSE: CIVI) a reçu l'approbation de la Commission de l'énergie et de la gestion du carbone du Colorado pour le Plan d'aire globale de Lowry Ranch (CAP) dans la région de Watkins du bassin DJ. Cette approbation permet à Civitas de commencer les opérations de forage dans la région de Lowry Ranch en 2024.
Le COO, Hodge Walker, a souligné que l'approbation du CAP résultait d'un travail approfondi de l'équipe de Civitas et d'un engagement étendu des parties prenantes. Le plan vise à garantir un développement sûr des ressources naturelles tout en protégeant l'environnement et en minimisant les impacts sur la communauté. Walker a également noté que Watkins est une zone de développement prolifique au sein du bassin DJ.
Civitas Resources (NYSE: CIVI) hat die Genehmigung der Energie- und Kohlenstoffverwaltungsbehörde von Colorado für den Lowry Ranch Comprehensive Area Plan (CAP) im Gebiet von Watkins im DJ-Becken erhalten. Diese Genehmigung ermöglicht es Civitas, 2024 mit den Bohrarbeiten im Gebiet Lowry Ranch zu beginnen.
Der COO, Hodge Walker, betonte, dass die Genehmigung des CAP das Ergebnis gründlicher Arbeit des Civitas-Teams und einer umfassenden Einbindung der Interessengruppen war. Der Plan zielt darauf ab, eine sichere Entwicklung der natürlichen Ressourcen zu gewährleisten, während die Umwelt geschützt und die Auswirkungen auf die Gemeinschaft minimiert werden. Walker wies außerdem darauf hin, dass Watkins ein produktionsstarkes Entwicklungsgebiet innerhalb des DJ-Beckens ist.
- Approval of the Lowry Ranch Comprehensive Area Plan (CAP)
- Planned drilling operations in the Lowry Ranch area starting in 2024
- Watkins area described as a prolific development area within the DJ Basin
- None.
Hodge Walker, Chief Operating Officer, commented in response, “This CAP approval is the result of thorough work by the Civitas team and extensive stakeholder engagement to ensure the safe development of Colorado’s important natural resources, while protecting the environment and minimizing impacts to our communities.
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this press release concerning future opportunities for Civitas and any other statements regarding Civitas’ future expectations, beliefs, plans, objectives, financial conditions, returns to shareholders, assumptions, or future events or performance that are not historical facts are “forward-looking” statements based on assumptions currently believed to be valid. Forward-looking statements are all statements other than statements of historical facts. The words “anticipate,” “believe,” “ensure,” “expect,” “if,” “intend,” “estimate,” “probable,” “project,” “forecasts,” “predict,” “outlook,” “aim,” “will,” “could,” “should,” “would,” “potential,” “may,” “might,” “anticipate,” “likely,” “plan,” “positioned,” “strategy,” and similar expressions or other words of similar meaning, and the negatives thereof, are intended to identify forward-looking statements. Specific forward-looking statements included in this press release include statements regarding the Company’s anticipated drilling timeline in the Lowry CAP. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995.
We caution you that forward-looking statements are subject to significant risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. Factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risks described under the “Risk Factors” and “Management’s Discussion and Analysis” sections of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company’s subsequently filed Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings made with the Securities and Exchange Commission.
All forward-looking statements speak only as of the date they are made and are based on information available at the time they were made. The Company assumes no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
About Civitas
Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the DJ Basin in
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Civitas Contacts
Investor Relations:
Brad Whitmarsh, 832.736.8909, bwhitmarsh@civiresources.com
Mae Herrington, 832.913.5444, mherrington@civiresources.com
Media:
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Source: Civitas Resources, Inc.
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