(State or other jurisdiction of incorporation or organization) | (Commission File No.) | (I.R.S. employer identification number) |
Title of each class | Trading Symbol | Name of exchange on which registered | ||||||
Exhibit No. | Description | |||||||
104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
Civitas Resources, Inc. | ||||||||
Dated: August 3, 2022 | By: | /s/ Travis L. Counts | ||||||
Name: | Travis L. Counts | |||||||
Title: | Chief Legal Officer and Secretary | |||||||
Three Months Ended June 30, | ||||||||||||||||||||
2022 | 2021 | % Change | ||||||||||||||||||
Avg. Daily Sales Volumes: | ||||||||||||||||||||
Crude oil (Bbls/d) | 80,312 | 20,936 | 284 | % | ||||||||||||||||
Natural gas (Mcf/d) | 317,621 | 70,391 | 351 | % | ||||||||||||||||
Natural gas liquids (Bbls/d) | 41,974 | 9,655 | 335 | % | ||||||||||||||||
Crude oil equivalent (Boe/d) | 175,223 | 42,323 | 314 | % | ||||||||||||||||
Product Mix | ||||||||||||||||||||
Crude oil | 46 | % | 49 | % | ||||||||||||||||
Natural gas | 30 | % | 28 | % | ||||||||||||||||
Natural gas liquids | 24 | % | 23 | % | ||||||||||||||||
Average Sales Prices (before derivatives): | ||||||||||||||||||||
Crude oil (per Bbl) | $ | 106.48 | $ | 60.85 | 75 | % | ||||||||||||||
Natural gas (per Mcf) | $ | 7.10 | $ | 2.31 | 207 | % | ||||||||||||||
Natural gas liquids (per Bbl) | $ | 43.79 | $ | 28.20 | 55 | % | ||||||||||||||
Crude oil equivalent (per Boe) | $ | 72.17 | $ | 40.37 | 79 | % |
2022 Updated Guidance | Low | High | |||||||||
D&C Capital Expenditures ($MM) | $890 | -- | $940 | ||||||||
Land, Midstream & Other Capital Expenditures ($MM) | $80 | -- | $100 | ||||||||
Total Production (MBoe/d) | 162 | -- | 168 | ||||||||
Oil Production (MBbl/d) | 73 | -- | 76 | ||||||||
% Liquids | 68% | -- | 70% | ||||||||
Lease Operating Expenses ($/Boe) | $2.65 | -- | $2.80 | ||||||||
Gathering, Transportation and Processing Expenses ($/Boe) | $4.25 | -- | $4.75 | ||||||||
Midstream Operating Expenses ($/Boe) | $0.45 | -- | $0.55 | ||||||||
Recurring Cash G&A Expenses ($MM, 2H22) | $42 | -- | $47 | ||||||||
Production Taxes (% of revenue) | 8% | -- | 9% |
Type | Phone Number | Passcode | ||||||
Live participant | 888-510-2535 | 4872770 | ||||||
Replay | 800-770-2030 | 4872770 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Operating net revenues: | |||||||||||||||||||||||
Oil, natural gas, and NGL sales | $ | 1,151,364 | $ | 156,035 | $ | 1,969,174 | $ | 230,194 | |||||||||||||||
Operating expenses: | |||||||||||||||||||||||
Lease operating expense | 41,877 | 11,358 | 77,896 | 17,089 | |||||||||||||||||||
Midstream operating expense | 7,469 | 4,246 | 13,181 | 8,151 | |||||||||||||||||||
Gathering, transportation, and processing | 79,519 | 13,721 | 129,922 | 18,688 | |||||||||||||||||||
Severance and ad valorem taxes | 85,870 | 9,813 | 149,174 | 14,417 | |||||||||||||||||||
Exploration | 1,553 | 3,547 | 2,081 | 3,643 | |||||||||||||||||||
Depreciation, depletion, and amortization | 204,519 | 35,006 | 389,379 | 53,829 | |||||||||||||||||||
Abandonment and impairment of unproved properties | — | 2,215 | 17,975 | 2,215 | |||||||||||||||||||
Unused commitments | 1,731 | 4,328 | 2,507 | 4,328 | |||||||||||||||||||
Bad debt expense | 4 | — | 4 | — | |||||||||||||||||||
Merger transaction costs | 1,418 | 18,246 | 21,952 | 21,541 | |||||||||||||||||||
General and administrative expense (including $6,135, $2,195, $14,225, and $3,807, respectively, of stock-based compensation) | 29,666 | 12,144 | 65,386 | 21,395 | |||||||||||||||||||
Total operating expenses | 453,626 | 114,624 | 869,457 | 165,296 | |||||||||||||||||||
Other income (expense): | |||||||||||||||||||||||
Derivative loss | (72,650) | (73,970) | (368,143) | (97,389) | |||||||||||||||||||
Interest expense | (8,116) | (3,241) | (17,182) | (3,660) | |||||||||||||||||||
Gain on property transactions, net | — | — | 16,797 | — | |||||||||||||||||||
Other income | 4,313 | 89 | 5,096 | 277 | |||||||||||||||||||
Total other expense | (76,453) | (77,122) | (363,432) | (100,772) | |||||||||||||||||||
Income (loss) from operations before taxes | 621,285 | (35,711) | 736,285 | (35,874) | |||||||||||||||||||
Income tax benefit (expense) | (152,464) | 10,392 | (175,825) | 10,436 | |||||||||||||||||||
Net income (loss) | $ | 468,821 | $ | (25,319) | $ | 560,460 | $ | (25,438) | |||||||||||||||
Comprehensive income (loss) | $ | 468,821 | $ | (25,319) | $ | 560,460 | $ | (25,438) | |||||||||||||||
Net income (loss) per common share: | |||||||||||||||||||||||
Basic | $ | 5.52 | $ | (0.83) | $ | 6.60 | $ | (0.99) | |||||||||||||||
Diluted | $ | 5.48 | $ | (0.83) | $ | 6.56 | $ | (0.99) | |||||||||||||||
Weighted-average common shares outstanding: | |||||||||||||||||||||||
Basic | 84,993 | 30,655 | 84,917 | 25,774 | |||||||||||||||||||
Diluted | 85,554 | 30,655 | 85,453 | 25,774 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Cash flows from operating activities: | |||||||||||||||||||||||
Net income (loss) | $ | 468,821 | $ | (25,319) | $ | 560,460 | $ | (25,438) | |||||||||||||||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||||||||||||||
Depreciation, depletion, and amortization | 204,519 | 35,006 | 389,379 | 53,829 | |||||||||||||||||||
Deferred income tax expense (benefit) | 102,079 | (10,184) | 125,440 | (10,228) | |||||||||||||||||||
Abandonment and impairment of unproved properties | — | 2,215 | 17,975 | 2,215 | |||||||||||||||||||
Stock-based compensation | 6,135 | 2,195 | 14,225 | 3,807 | |||||||||||||||||||
Amortization of deferred financing costs | 1,102 | 433 | 2,180 | 526 | |||||||||||||||||||
Derivative loss | 72,650 | 73,970 | 368,143 | 97,389 | |||||||||||||||||||
Derivative cash settlements loss | (181,631) | (20,199) | (348,209) | (23,990) | |||||||||||||||||||
Gain on property transactions, net | — | — | (16,797) | — | |||||||||||||||||||
Other | 87 | 49 | 155 | (35) | |||||||||||||||||||
Changes in current assets and liabilities: | |||||||||||||||||||||||
Accounts receivable, net | (44,682) | (8,968) | (32,776) | (14,686) | |||||||||||||||||||
Prepaid expenses and other assets | (4,181) | 2,394 | (6,579) | 2,500 | |||||||||||||||||||
Accounts payable and accrued liabilities | 103,864 | (12,501) | 192,839 | (3,428) | |||||||||||||||||||
Settlement of asset retirement obligations | (6,536) | (2,496) | (11,667) | (2,902) | |||||||||||||||||||
Net cash provided by operating activities | 722,227 | 36,595 | 1,254,768 | 79,559 | |||||||||||||||||||
Cash flows from investing activities: | |||||||||||||||||||||||
Acquisition of oil and natural gas properties | (3,515) | (369) | (303,602) | (549) | |||||||||||||||||||
Cash acquired | — | 49,827 | 44,310 | 49,827 | |||||||||||||||||||
Exploration and development of oil and natural gas properties | (206,519) | (28,539) | (467,186) | (57,269) | |||||||||||||||||||
Purchases of carbon offsets | (7,196) | — | (7,196) | — | |||||||||||||||||||
Proceeds from (additions to) other property and equipment | 134 | — | 66 | (38) | |||||||||||||||||||
Other | (95) | — | 117 | — | |||||||||||||||||||
Net cash provided by (used in) investing activities | (217,191) | 20,919 | (733,491) | (8,029) | |||||||||||||||||||
Cash flows from financing activities: | |||||||||||||||||||||||
Proceeds from credit facility | 100,000 | 155,000 | 100,000 | 155,000 | |||||||||||||||||||
Payments to credit facility | (100,000) | (210,000) | (100,000) | (210,000) | |||||||||||||||||||
Redemption of senior notes | (100,000) | — | (100,000) | — | |||||||||||||||||||
Proceeds from exercise of stock options | 24 | 394 | 202 | 409 | |||||||||||||||||||
Dividends paid | (116,172) | (10,789) | (219,768) | (10,789) | |||||||||||||||||||
Payment of employee tax withholdings in exchange for the return of common stock | (2,812) | (2,816) | (15,740) | (2,816) | |||||||||||||||||||
Deferred financing costs | (1,174) | (3,595) | (1,174) | (3,653) | |||||||||||||||||||
Other | — | — | — | (21) | |||||||||||||||||||
Net cash used in financing activities | (220,134) | (71,806) | (336,480) | (71,870) | |||||||||||||||||||
Net change in cash, cash equivalents, and restricted cash: | 284,902 | (14,292) | 184,797 | (340) | |||||||||||||||||||
Cash, cash equivalents, and restricted cash: | |||||||||||||||||||||||
Beginning of period | 154,451 | 38,797 | 254,556 | 24,845 | |||||||||||||||||||
End of period (1) | $ | 439,353 | $ | 24,505 | $ | 439,353 | $ | 24,505 | |||||||||||||||
(1) Includes $0.1 million of restricted cash and consists of funds for road maintenance and repairs that is presented in other noncurrent assets within the accompanying unaudited condensed consolidated balance sheets (“balance sheets”) as of June 30, 2022 and 2021. |
June 30, 2022 | December 31, 2021 | ||||||||||
ASSETS | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | 439,251 | $ | 254,454 | |||||||
Accounts receivable, net: | |||||||||||
Oil, natural gas, and NGL sales | 432,694 | 362,262 | |||||||||
Joint interest and other | 95,253 | 66,390 | |||||||||
Prepaid expenses and other | 31,064 | 21,052 | |||||||||
Inventory of oilfield equipment | 21,195 | 12,386 | |||||||||
Derivative assets | — | 3,393 | |||||||||
Total current assets | 1,019,457 | 719,937 | |||||||||
Property and equipment (successful efforts method): | |||||||||||
Proved properties | 6,132,620 | 5,457,213 | |||||||||
Less: accumulated depreciation, depletion, and amortization | (803,774) | (430,201) | |||||||||
Total proved properties, net | 5,328,846 | 5,027,012 | |||||||||
Unproved properties | 666,821 | 688,895 | |||||||||
Wells in progress | 303,071 | 177,296 | |||||||||
Other property and equipment, net of accumulated depreciation of $6,072 in 2022 and $4,742 in 2021 | 50,243 | 51,639 | |||||||||
Total property and equipment, net | 6,348,981 | 5,944,842 | |||||||||
Right-of-use assets | 31,487 | 39,885 | |||||||||
Deferred income tax assets | — | 22,284 | |||||||||
Other noncurrent assets | 14,505 | 14,085 | |||||||||
Total assets | $ | 7,414,430 | $ | 6,741,033 | |||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
Current liabilities: | |||||||||||
Accounts payable and accrued expenses | $ | 306,270 | $ | 246,188 | |||||||
Production taxes payable | 303,182 | 144,408 | |||||||||
Oil and natural gas revenue distribution payable | 494,091 | 466,233 | |||||||||
Lease liability | 17,452 | 18,873 | |||||||||
Derivative liability | 278,600 | 219,804 | |||||||||
Income tax payable | 50,385 | — | |||||||||
Asset retirement obligations | 24,000 | 24,000 | |||||||||
Total current liabilities | 1,473,980 | 1,119,506 | |||||||||
Long-term liabilities: | |||||||||||
Senior notes | 392,508 | 491,710 | |||||||||
Lease liability | 14,576 | 21,398 | |||||||||
Ad valorem taxes | 186,603 | 232,147 | |||||||||
Derivative liability | 43,225 | 19,959 | |||||||||
Deferred income tax liabilities | 107,884 | — | |||||||||
Asset retirement obligations | 203,104 | 201,315 | |||||||||
Total liabilities | 2,421,880 | 2,086,035 | |||||||||
Commitments and contingencies | |||||||||||
Stockholders’ equity: | |||||||||||
Preferred stock, $.01 par value, 25,000,000 shares authorized, none outstanding | — | — | |||||||||
Common stock, $.01 par value, 225,000,000 shares authorized, 85,031,963 and 84,572,846 issued and outstanding as of June 30, 2022 and December 31, 2021, respectively | 4,917 | 4,912 | |||||||||
Additional paid-in capital | 4,197,790 | 4,199,108 | |||||||||
Retained earnings | 789,843 | 450,978 | |||||||||
Total stockholders’ equity | 4,992,550 | 4,654,998 | |||||||||
Total liabilities and stockholders’ equity | $ | 7,414,430 | $ | 6,741,033 |
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||||||||||||||
2022 | 2021 | Percent Change | 2022 | 2021 | Percent Change | |||||||||||||||||||||||||||||||||
Crude oil equivalent sales volumes (MBoe) | 15,945 | 3,851 | 314 | % | 30,256 | 5,728 | 428 | % | ||||||||||||||||||||||||||||||
Realized price (before derivatives)(1) | $ | 72.17 | $ | 40.37 | 79 | % | $ | 65.02 | $ | 39.90 | 63 | % | ||||||||||||||||||||||||||
Per unit costs ($/Boe) | ||||||||||||||||||||||||||||||||||||||
Lease operating expense | $ | 2.63 | $ | 2.95 | (11) | % | $ | 2.57 | $ | 2.98 | (14) | % | ||||||||||||||||||||||||||
RMI net effective cost(1) | $ | 0.43 | $ | 0.96 | (55) | % | $ | 0.37 | $ | 1.13 | (67) | % | ||||||||||||||||||||||||||
Gathering, transportation, and processing | $ | 4.99 | $ | 3.56 | 40 | % | $ | 4.29 | $ | 3.26 | 32 | % | ||||||||||||||||||||||||||
Severance and ad valorem taxes | $ | 5.39 | $ | 2.55 | 111 | % | $ | 4.93 | $ | 2.52 | 96 | % | ||||||||||||||||||||||||||
Recurring cash general and administrative(2) | $ | 1.26 | $ | 2.25 | (44) | % | $ | 1.48 | $ | 2.84 | (48) | % | ||||||||||||||||||||||||||
Interest | $ | 0.51 | $ | 0.84 | (39) | % | $ | 0.57 | $ | 0.64 | (11) | % | ||||||||||||||||||||||||||
Total cash costs | $ | 15.21 | $ | 13.11 | 16 | % | $ | 14.21 | $ | 13.37 | 6 | % | ||||||||||||||||||||||||||
Cash cost margin (before derivatives) | $ | 56.96 | $ | 27.26 | 109 | % | $ | 50.81 | $ | 26.53 | 92 | % | ||||||||||||||||||||||||||
Derivative cash settlements | $ | (11.39) | $ | (5.25) | 117 | % | $ | (11.51) | $ | (4.19) | 175 | % | ||||||||||||||||||||||||||
Cash cost margin (after derivatives) | $ | 45.57 | $ | 22.01 | 107 | % | $ | 39.30 | $ | 22.34 | 76 | % | ||||||||||||||||||||||||||
Non-cash and non-recurring items | ||||||||||||||||||||||||||||||||||||||
Depreciation, depletion, and amortization | $ | 12.83 | $ | 9.09 | 41 | % | $ | 12.87 | $ | 9.40 | 37 | % | ||||||||||||||||||||||||||
Non-cash and non-recurring general and administrative | $ | 0.60 | $ | 0.91 | (34) | % | $ | 0.68 | $ | 0.89 | (24) | % | ||||||||||||||||||||||||||
(1) Realized prices exclude $0.6 million, $0.6 million, $1.9 million, and $1.7 million of oil transportation and gas gathering revenues from third parties, which do not have associated sales volumes for three months ended June 30, 2022 and 2021, and six months ended June 30, 2022 and 2021, respectively. Alternatively, the aforementioned oil transportation and gas gathering revenues from third parties have been netted against the midstream operating expense to arrive at the RMI net effective cost. See Schedule 8 for a reconciliation from GAAP midstream operating expense to RMI net effective cost. | ||||||||||||||||||||||||||||||||||||||
(2) Recurring cash general and administrative expense excludes stock-based compensation, cash severance costs, and other non-recurring fees. Please see Schedule 7 for a reconciliation from GAAP G&A to recurring cash G&A. |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Net income (loss) | $ | 468,821 | $ | (25,319) | $ | 560,460 | $ | (25,438) | |||||||||||||||
Adjustments to net income (loss): | |||||||||||||||||||||||
Abandonment and impairment of unproved properties | — | 2,215 | 17,975 | 2,215 | |||||||||||||||||||
Unused commitments | 1,731 | 4,328 | 2,507 | 4,328 | |||||||||||||||||||
Stock-based compensation(1) | 6,135 | 2,195 | 14,225 | 3,807 | |||||||||||||||||||
Non-recurring general and administrative expense(1) | 3,449 | 1,294 | 6,335 | 1,294 | |||||||||||||||||||
Merger transaction costs | 1,418 | 18,246 | 21,952 | 21,541 | |||||||||||||||||||
Gain loss on property transactions, net | — | — | (16,797) | — | |||||||||||||||||||
Derivative loss | 72,650 | 73,970 | 368,143 | 97,389 | |||||||||||||||||||
Derivative cash settlement loss | (181,631) | (20,199) | (348,209) | (23,990) | |||||||||||||||||||
Other | 87 | 49 | 155 | (35) | |||||||||||||||||||
Total adjustments before taxes | (96,161) | 82,098 | 66,286 | 106,549 | |||||||||||||||||||
Tax effect of adjustments(2) | 23,656 | (20,196) | (16,306) | (26,211) | |||||||||||||||||||
Total adjustments after taxes | (72,505) | 61,902 | 49,980 | 80,338 | |||||||||||||||||||
Adjusted net income | $ | 396,316 | $ | 36,583 | $ | 610,440 | $ | 54,900 | |||||||||||||||
Adjusted net income per diluted share | $ | 4.63 | $ | 1.19 | $ | 7.14 | $ | 2.13 | |||||||||||||||
Diluted weighted-average common shares outstanding | 85,554 | 30,655 | 85,453 | 25,774 | |||||||||||||||||||
(1) Included as a portion of general and administrative expense in the condensed consolidated statements of operations and comprehensive income (loss). | |||||||||||||||||||||||
(2) Estimated using the federal and state effective tax rate of 24.6%. |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Net income (loss) | $ | 468,821 | $ | (25,319) | $ | 560,460 | $ | (25,438) | |||||||||||||||
Exploration | 1,553 | 3,547 | 2,081 | 3,643 | |||||||||||||||||||
Depreciation, depletion and amortization | 204,519 | 35,006 | 389,379 | 53,829 | |||||||||||||||||||
Abandonment and impairment of unproved properties | — | 2,215 | 17,975 | 2,215 | |||||||||||||||||||
Stock-based compensation (1) | 6,135 | 2,195 | 14,225 | 3,807 | |||||||||||||||||||
Non-recurring general and administrative expense (1) | 3,449 | 1,294 | 6,335 | 1,294 | |||||||||||||||||||
Merger transaction costs | 1,418 | 18,246 | 21,952 | 21,541 | |||||||||||||||||||
Unused commitments | 1,731 | 4,328 | 2,507 | 4,328 | |||||||||||||||||||
Gain on property transactions, net | — | — | (16,797) | — | |||||||||||||||||||
Interest expense | 8,116 | 3,241 | 17,182 | 3,660 | |||||||||||||||||||
Derivative loss | 72,650 | 73,970 | 368,143 | 97,389 | |||||||||||||||||||
Derivative cash settlements loss | (181,631) | (20,199) | (348,209) | (23,990) | |||||||||||||||||||
Income tax (benefit) expense | 152,464 | (10,392) | 175,825 | (10,436) | |||||||||||||||||||
Adjusted EBITDAX | $ | 739,225 | $ | 88,132 | $ | 1,211,058 | $ | 131,842 | |||||||||||||||
(1) Included as a portion of general and administrative expense in the consolidated statement of operations and comprehensive income. | |||||||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||
General and administrative expense | $ | 29,666 | $ | 12,144 | $ | 65,386 | $ | 21,395 | ||||||||||||||||||
Stock-based compensation | (6,135) | (2,195) | (14,225) | (3,807) | ||||||||||||||||||||||
Non-recurring general and administrative expense(1) | (3,449) | (1,294) | (6,335) | (1,294) | ||||||||||||||||||||||
Recurring Cash G&A | $ | 20,082 | $ | 8,655 | $ | 44,826 | $ | 16,294 | ||||||||||||||||||
(1) For the three and six months ended June 30, 2022, non-recurring general and administrative expense represents certain one-time expenditures including, but not limited to, donations towards humanitarian relief in Ukraine, CEO cash severance costs, and CEO transition costs. For the three and six months ended June 30, 2021, non-recurring general and administrative expense represents certain one-time expenditures including, but not limited to, legal fees and penalties assumed through the HighPoint Merger. |
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||
Midstream operating expense | $ | 7,469 | $ | 4,246 | $ | 13,181 | $ | 8,151 | ||||||||||||||||||
RMI working interest partner revenue | (582) | (558) | (1,849) | (1,667) | ||||||||||||||||||||||
RMI net effective cost | $ | 6,887 | $ | 3,688 | $ | 11,332 | $ | 6,484 |
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||
Net cash provided by operating activities | $ | 722,227 | $ | 36,595 | $ | 1,254,768 | $ | 79,559 | ||||||||||||||||||
Add back: changes in current assets and liabilities | (48,465) | 21,571 | (141,817) | 18,516 | ||||||||||||||||||||||
Cash flow from operations before changes in operating assets and liabilities | 673,762 | 58,166 | 1,112,951 | 98,075 | ||||||||||||||||||||||
Less: exploration and development of oil and natural gas properties | (206,519) | (28,539) | (467,186) | (57,269) | ||||||||||||||||||||||
Less: changes in working capital related to drilling expenditures | (30,681) | (11,914) | (2,666) | (16,285) | ||||||||||||||||||||||
Free cash flow | $ | 436,562 | $ | 17,713 | $ | 643,099 | $ | 24,521 |
Cover |
Aug. 03, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Aug. 03, 2022 |
Entity Registrant Name | Civitas Resources, Inc. |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-35371 |
Entity Tax Identification Number | 61-1630631 |
Entity Address, Address Line One | 555 17th Street, Suite 3700 |
Entity Address, City or Town | Denver |
Entity Address, State or Province | CO |
Entity Address, Postal Zip Code | 80202 |
City Area Code | 303 |
Local Phone Number | 293-9100 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.01 per share |
Trading Symbol | CIVI |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
Amendment Flag | false |
Entity Central Index Key | 0001509589 |
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end
^-PWQ-_L^!98>YD4JIG9\KO+",-U>
MG\!X$2#ZX3#V8(BI&8\CYL&V#UZ\ ?_>__F6H/ &G/"+-$6$\+UL3'X'5NM>
M7AU9S/%Y[B;FSO27Q][2'UXC';R F0TX_0')S5CL&G%$29#A4 6%,9]RS
M!4"9WUKR=/20P+T$!"H89M7F-@!@2W[^9RZS&]NEJ^W:>KM^ M/8BV_8P6F_
M*7<^P:,>1H+Y/F.CT6.P1E_CZ2%]=7O3(V^X)?>%6T+_%!83CZG
/5SH6 ,V8H!9) /PZK&-P%C00B@
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M7N(PYCC"'[H$AGD#HKG43% LK_CPN306E^<2&S:32^WRP+Q\
_V(4 :D.SJ*T/&B_TVP@;TZ::
MUORDLU:"QAU0TU%D(R-L;).ZQ@E!LU==4U().F)I"AIC..]56;:H)&=ET\I.
M]*K4-8-JM=F "A0]BKFI:U1W51M1R<"BHQ? :GZMI3;"!DG&,&IX:(Y7J:@*
MQ8P3C$U]#)+JSN4[VV_07PW!
]M\;JY3C]*O> D*KO%["NW%7+Z#D(
MY(
90]Y0EAI3P5^?_ZOS_E"HFYOZ<,KA,:0&/P :,?EU5
MA#K4J;\Z[:\0C5JHJ .NUO#T0UMT\U<\?03G7:OUNYDV0R"7-4(S*>3NC#
M$S!A%OOAFH(.=9:^57&G?1R5'[RO]=(+6BM@ON2)_VV<1+ ?655 "ILLY/>J
M_HVJ?]/Q^C>?TLKSDB&94/*BI^EDZJ5X^E(P2@P;(U_Q?Y*-O11XIU?DXR2%
M5P04Z_8RDA1YE@./A45WP4S;S1F@S+1.P*83WEK4K9)X(\=XG&6X<-74Z:!O
M