Delivering on All Aspects of the New E&P Business Model Pure Play DJ Basin Operator High Quality Asset Base Delivers Low F&D Costs High-return, low-cost wells across DJ Basin asset base Low-Cost Operations Enable Significant FCF…
High Quality Asset Base Contiguous acreage position facilitates development optimization Approximate Civitas Leasehold Positions Development Area Geography DJ Basin Net Acres(1) Western 160,000 Suburban / Rural Northern Eastern…
High Quality Asset Base High-return wells across acreage position B-TAX Single Well IRRs at 55 WTI 100% Southern Western Eastern 90% Undeveloped Locations by Area 80% Area Total % of Total Weighted Avg. IRR 70% Southern 407 42%…
Midstream Ownership Civitas Midstream Infrastructure Expands upstream returns Eastern Total book value of 300mm Infrastructure focused on operated production and results in lower differentials and transportation expense 315…
Fortress Balance Sheet ( in millions) Pro Forma Capitalization as of 3/1/22 PF For Bison Key Highlights: Rev olv ing Credit Facility (1bn BB; 800 ECA) 0 PDP coverage of 11x total debt 7.5% Senior Unsecured Notes due April 2026 100 5.0%…
Returning Capital to Our Shareholders Stockholder Return Philosophy 2022E Dividend Yield(1) Quarterly base dividend: 0.4625/share to be paid on 3/30 to 11.3% 10.2% Base Variable 9.9% shareholders of record on 3/18 9.4% 7.2% 6.6%…
Firm Believers in Opportunistic Consolidation Civitas will continue to be a disciplined transaction partner DJ Basin Acreage Summary Laramie Kimball Focus on value creation and accretion Increase efficiencies with economies of…
Reducing Operational Emissions Through our Civitas is committed to driving down operational emissions through the use of commitment to highly innovative best management practices and implementation of new technologies(1) responsible…
Demonstrating Climate Leadership Colorados first carbon neutral energy producer (Scope 1 & 2 basis) 2020 GHG Intensity (mt CO2e/MBOE) Eliminate operational emissions as first priority 29.5 Offset remaining Scope 1 emissions using…
Valuing Community Engagement Civitas Community Fund Plugging Colorados Orphaned Wells Civitas is focused on remaining a trusted, engaged partner in our Civitas committed to plugging all orphaned wells in communities the Greater Denver…
Leading-Edge Corporate Governance Director service compensated in stock Diversity of gender, race and industry experience and held through duration of service Annual board elections Dedicated ESG Board Committee Brian Steck…
2022 Guidance Production D&C program reflects 3.5 rigs / 3 frac crews Total Production (MBoed) 156 167 Expected oil price differential of -6.00/Bbl relative to WTI Oil Production (MBbld) 69 75 CIVI does not expect to pay cash income tax…
Appendix
Q1-2022 Dividend Calculation Quarterly base dividend of 0.4625/share Q1 2022 Total Dividend Calculation (MM) (1) Quarterly variable dividend framework (2) Av erage Quarterly Free Cash Flows Ov er Prior 12 Months 167 50% of FCF…
Year-End 2021 CIVI Proved Reserves Net Oil Net Gas Net NGL Net BOE SEC PV-10(1) 75/bbl PV-10(2) Reserve Category (MMBBL) (BCF) (MMBBL) (MMBOE) (MM) (MM) PDP 98 714 85 302 4,302 4,859 PDN 6 35 4 16 162 201 PUD 40 140 17 80 864 1,090…
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