Civitas Resources (FRA:B2C) Net Developed Acreage # : 0.00 (As of . 20)

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What is Civitas Resources Net Developed Acreage #?

Net Developed Acreage # reflects the number of acres which are allocated or assignable to producing wells or wells capable of production.

The historical rank and industry rank for Civitas Resources's Net Developed Acreage # or its related term are showing as below:

FRA:B2C's Net Developed Acreage # is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Net Developed Acreage # only.

Civitas Resources Net Developed Acreage # Historical Data

The historical data trend for Civitas Resources's Net Developed Acreage # can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Civitas Resources Net Developed Acreage # Chart

Civitas Resources (FRA:B2C) Net Developed Acreage # Explanation

Net Developed Acreage # is the amount of leased real estate that a petroleum and/or natural gas company holds, pertaining to a company's true working interest. If a company holds the entire working interest for a particular project, its net acreage and gross acreage will be the same.

Net acres can be construed as a measure of a company's potential for revenue, and increases or decreases in the figure are indicators of expansion or contraction. It can be calculated on a per project basis by multiplying the gross acres with the percentage of ownership.

Civitas Resources Net Developed Acreage # Related Terms

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Civitas Resources (FRA:B2C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Civitas Resources Inc (FRA:B2C) » Definitions » Net Developed Acreage #

Comparable Companies

Traded in Other Exchanges

CIVI:USA

Address

555 17th Street, Suite 3700, Denver, CO, USA, 80202

Website

https://www.civitasresources.com

Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.

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