# Selling Mineral Rights Operated by Civitas Resources

## TL;DR

Buckhead Energy purchases mineral rights operated by Civitas Resources (NYSE: CIVI) across the DJ Basin in Colorado and the Permian Basin in Texas. Civitas was formed in 2022 through a three-way merger and expanded into the Permian in 2023, creating uncertainty for some mineral owners about future development priorities. Buckhead offers 30-day closings backed by 18+ years of acquisition experience in both basins where Civitas operates.

## Key Takeaways

- **Civitas Resources was formed in 2022** through the merger of Bonanza Creek Energy, Extraction Oil & Gas, and Crestone Peak Resources, making it the largest pure-play DJ Basin operator in Colorado
- **Regulatory changes in Colorado** including SB 19-181 and 2,000-foot setback requirements from occupied structures have created uncertainty around future drilling locations in DJ Basin Civitas areas
- **Civitas expanded into the Permian Basin in 2023** by acquiring Vencer Energy and Hibernia Resources assets, potentially redirecting capital and management focus away from some DJ Basin properties
- **DJ Basin operations target stacked pay zones** including four Niobrara benches (A, B, C, D) and Codell Sandstone, allowing multiple wells from single pad locations across Weld, Adams, Arapahoe, Broomfield, and Boulder counties
- **Permian Basin operations concentrate** in Reeves, Ward, and Loving counties in West Texas within the prolific Delaware Basin
- **Buckhead Energy typically closes transactions within 30-45 days** and purchases both producing and non-producing mineral rights in all Civitas operating areas
- **Valuation considerations include** Colorado ECMC regulations, multi-zone DJ development potential, merger integration status, Permian Basin upside, lease terms, and production trends
- **No fees charged to sellers** — Buckhead operates as a direct buyer with no broker commissions, listing fees, or auction premiums

## Page Highlights

**Civitas Resources Overview**: Civitas Resources (NYSE: CIVI) is headquartered in Denver and became the largest pure-play DJ Basin operator following its 2022 formation through a three-way merger. The company expanded into the Permian Basin in 2023.

**Why Mineral Owners Are Selling**: The 2022 merger consolidated three operators with different development priorities, creating uncertainty about future drilling plans. Colorado regulatory changes under SB 19-181 impose 2,000-foot setbacks that limit drilling locations. Civitas's 2023 Permian expansion may shift capital allocation away from some DJ Basin properties.

**DJ Basin Operations**: Civitas operates across Weld, Adams, Arapahoe, Broomfield, and Boulder counties in Colorado, targeting multiple Niobrara benches and the Codell formation. The stacked pay concept allows multiple wells from single pad locations.

**Permian Basin Operations**: Following 2023 acquisitions of Vencer Energy and Hibernia Resources, Civitas now operates in Reeves, Ward, and Loving counties in the Delaware Basin of West Texas.

**Valuation Factors**: Colorado ECMC regulations and SB 19-181 directly affect where new wells can be drilled. Multi-zone DJ development potential, merger integration status, Permian Basin geology, lease terms, and production trends all influence mineral values. Properties with existing permits or development may command premium valuations.

**Sales Process**: Mineral owners submit property information, receive a written offer within days, have title and documents handled by Buckhead at no cost, and typically close within 30 days. Buckhead handles all post-closing operator notifications and transfer paperwork.

## Related Topics

- [DJ Basin Mineral Rights Guide](https://www.buckheadenergy.com/sell-mineral-rights/dj-basin)
- [Delaware Basin Mineral Rights Guide](https://www.buckheadenergy.com/sell-mineral-rights/delaware-basin)
- [Colorado Mineral Rights](https://www.buckheadenergy.com/sell-mineral-rights/colorado)
- [Texas Mineral Rights](https://www.buckheadenergy.com/sell-mineral-rights/texas)
- [Weld County, Colorado Mineral Rights](https://www.buckheadenergy.com/sell-mineral-rights/colorado/weld-county)
- [Reeves County, Texas Mineral Rights](https://www.buckheadenergy.com/sell-mineral-rights/texas/reeves-county)

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**About Buckhead Energy**: Buckhead Energy is a BBB A+ rated mineral rights acquisition company with 18+ years of experience purchasing mineral and royalty interests across 33 states. The company specializes in direct purchases with no fees, commissions, or listing costs to sellers.

**Ready to sell your Civitas-operated mineral rights?** Get a free, no-obligation offer at https://www.buckheadenergy.com/sell