The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
PSP welcomes Civitas Resources as 29th member mrt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mrt.com Daily Mail and Mail on Sunday newspapers.
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Approximately 60% of total investments are planned to be allocated to the Permian basin, with the remainder to the DJ basin. Civitas expects to drill and complete 130 to 150 gross wells in the Permian basin and 90 to 110 gross wells in the DJ basin.
Civitas Announces Fourth Quarter and Full-Year 2023 Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.