Buckhead Energy purchases mineral rights operated by Civitas Resources (NYSE: CIVI) across the DJ Basin and Permian Basin. Competitive offers backed by 18+ years of acquisition experience.
Ticker: NYSE: CIVI
Headquarters: Denver, Colorado
Formed: 2022 (three-way merger)
DJ Basin: Largest pure-play operator
Permian: Expanded 2023
Civitas Resources has undergone rapid transformation since its formation in 2022. Many mineral owners in Civitas operating areas are choosing to convert their interests into immediate, certain value.
Civitas was created through the merger of Bonanza Creek Energy, Extraction Oil & Gas, and Crestone Peak Resources. This rapid consolidation means development priorities have shifted as the combined entity rationalizes its acreage position. Areas that were priorities for the predecessor companies may not be priorities for Civitas going forward.
Colorado's ECMC regulations and SB 19-181 have increased local government authority over oil and gas siting. The 2,000-foot setback requirements from occupied structures limit where new wells can be drilled, creating uncertainty around future development potential in some Civitas operating areas.
Civitas expanded into the Permian Basin in 2023 through acquisitions of Vencer Energy and Hibernia Resources. This geographic expansion may redirect capital and management attention away from certain DJ Basin properties, potentially affecting the pace of development on your minerals.
The merger created a complex corporate history. Owners who previously dealt with Bonanza Creek, Extraction, or Crestone now navigate a larger corporate structure. Selling converts an increasingly complex asset into straightforward, immediate cash that is easier to manage and distribute.
Civitas Resources operates across two of the most productive oil and gas basins in the United States. Buckhead Energy purchases mineral rights in all Civitas operating areas, regardless of production status or lease terms.
Civitas is the largest pure-play DJ Basin operator in Colorado following the 2022 merger that combined acreage from Bonanza Creek, Extraction Oil & Gas, and Crestone Peak Resources. Their DJ Basin operations target the Niobrara and Codell formations across northeastern Colorado, with concentrated activity in the core Wattenberg Field area.
Weld County, CO - Core Wattenberg Field
Adams County, CO - Suburban Denver corridor
Arapahoe County, CO - Southern extension
Broomfield County, CO - Active development
Boulder County, CO - Western basin edge
Niobrara Formation - Four benches (A, B, C, D)
Codell Sandstone - Major horizontal target
Stacked pay - Multiple zones per pad
The DJ Basin's stacked pay concept allows Civitas to drill multiple wells from a single location, targeting different Niobrara benches and the Codell across their acreage position.
In 2023, Civitas expanded beyond Colorado by acquiring Permian Basin assets from Vencer Energy and Hibernia Resources. These acquisitions gave Civitas a meaningful position in West Texas, adding a second operating basin and diversifying their production portfolio.
Reeves County, TX - Delaware Basin core
Ward County, TX - Active development
Loving County, TX - Delaware Basin
Vencer Energy - 2023 acquisition
Hibernia Resources - 2023 acquisition
These acquisitions transformed Civitas from a single-basin Colorado operator into a multi-basin company with operations in two of the most prolific oil-producing regions in the country.
Mineral rights operated by Civitas Resources require specialized valuation knowledge that accounts for the operator's unique corporate history, Colorado regulatory considerations, and the dual-basin operating footprint.
Colorado ECMC Regulations - SB 19-181 and setback requirements directly affect where Civitas can drill new wells in the DJ Basin. Properties in areas with active permits or existing development may command premium values compared to those facing regulatory constraints.
Multi-Zone DJ Development - Civitas targets multiple Niobrara benches and the Codell formation from single pad locations. Properties with exposure to several productive zones offer greater upside as the operator develops each zone over time.
Merger Integration Status - The 2022 three-way merger created the company, and development priorities are still being rationalized across the combined acreage. Understanding where your minerals fall in the new development plan is critical for accurate valuation.
Permian Basin Upside - Civitas-operated Permian minerals benefit from the Delaware Basin's prolific geology and Texas's operator-friendly regulatory environment. These assets may carry different risk and value profiles compared to Colorado minerals.
Lease Terms & Status - Minerals under existing Civitas leases should be evaluated based on royalty rate, held-by-production status, and remaining primary term. Unleased minerals in active development areas may have additional value from future leasing potential.
Production Trends - Current production volumes, decline rates, and the operator's drilling schedule all factor into valuation. Civitas's capital allocation decisions between their DJ Basin and Permian assets influence how quickly new development occurs on your minerals.
Buckhead Energy has been acquiring mineral rights in both the DJ Basin and Permian Basin for over 18 years. Our team understands the formations, operators, regulations, and market dynamics that drive value in Civitas operating areas.
Deep knowledge of Colorado's ECMC regulations, SB 19-181 impacts, and the DJ Basin's Niobrara and Codell formations. We understand how Colorado's unique regulatory landscape affects mineral values.
Active purchasers of Delaware Basin mineral rights in the same West Texas counties where Civitas operates. Our Permian Basin valuations reflect current drilling economics and operator activity.
We track Civitas's drilling programs, capital allocation decisions, and development plans. This operator-level insight ensures our offers reflect the current and future value of your mineral interests.
Buckhead Energy makes the process straightforward. From initial contact to closing, our team handles every step.
Complete the form below or call us with your Civitas-operated property details. Include county, state, and any lease or royalty information you have available.
Our team evaluates your minerals based on Civitas drilling activity, formation exposure, production data, and current market conditions. You receive a written offer within days.
Once you accept, we handle the title review, document preparation, and all Colorado ECMC or Texas recording requirements at no cost to you.
Closing typically occurs within 30 days. You receive your payment promptly, and Buckhead Energy handles all post-closing operator notifications and transfer paperwork.
Civitas Resources (NYSE: CIVI) is the largest pure-play DJ Basin operator in Colorado. The company was formed in 2022 through the merger of Bonanza Creek Energy, Extraction Oil & Gas, and Crestone Peak Resources. In 2023, Civitas expanded into the Permian Basin by acquiring assets from Vencer Energy and Hibernia Resources, making it a dual-basin operator headquartered in Denver, Colorado.
The 2022 merger that created Civitas consolidated three separate operators into one. If your minerals were previously operated by Bonanza Creek, Extraction Oil & Gas, or Crestone Peak Resources, they are now under Civitas Resources. This consolidation changed how development decisions are made across the combined acreage position, and some mineral owners prefer to sell during periods of corporate transition rather than wait to see how the new operator prioritizes development across their expanded footprint.
Civitas operates in two major basins. In the DJ Basin, their operations span Weld, Adams, Arapahoe, Broomfield, and Boulder counties in Colorado, targeting the Niobrara and Codell formations. In the Permian Basin, they operate in Reeves, Ward, and Loving counties in West Texas following their 2023 acquisitions of Vencer Energy and Hibernia Resources assets.
Buckhead Energy typically completes Civitas-operated mineral rights purchases within 30 to 45 days from initial contact to closing. After receiving your information, we provide an offer within a few business days. Once accepted, our team handles the title review, document preparation, and closing process, including any Colorado ECMC or Texas filing requirements.
Yes, Buckhead Energy purchases both producing and non-producing mineral rights in Civitas operating areas. Non-producing minerals located near active Civitas development or within their drilling program footprint can hold significant value based on future development potential, formation exposure, and permitting status. Our team evaluates each property based on its unique circumstances and the operator's plans for the area.
Learn more about mineral rights in the basins and states where Civitas Resources operates. These guides provide additional context on geology, operators, and valuation factors.
Submit your Civitas-operated mineral rights information below for a free, no-obligation evaluation and competitive cash offer from Buckhead Energy.