Civitas Resources Receives Approval By Colorado's Energy And Carbon Management Commission Of The Lowry Ranch Comprehensive Area Plan Within The Watkins Area Of The DJ Basin
Portfolio Pulse from Benzinga Newsdesk
Civitas Resources, Inc. (NYSE:CIVI) has received approval from Colorado's Energy and Carbon Management Commission for the Lowry Ranch Comprehensive Area Plan within the Watkins area of the DJ Basin. This approval allows Civitas to begin drilling in the area next year.
August 07, 2024 | 9:29 pm
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Civitas Resources has received regulatory approval for the Lowry Ranch Comprehensive Area Plan in the DJ Basin, allowing the company to begin drilling next year.
The approval of the Lowry Ranch Comprehensive Area Plan is a significant regulatory milestone for Civitas Resources. This allows the company to proceed with drilling operations in a prolific development area, which is likely to positively impact its production capabilities and future revenues.
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