Civitas Adds Premium Assets In DJ Basin With All-Stock Acquisition Of Crestone Peak Resources

Enhances Civitas’ Scale and Synergy Potential, with Addition of Crestone’s Highly Complementary and Adjacent Assets Crestone Operations Support Civitas’ Commitment to Achieve Net-Zero Emissions DENVER, June 7, 2021 — Civitas Resources, Inc. (“Civitas” or the “Company”), a Colorado energy leader that will be formed upon closing of the recently-announced merger of Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza Creek”) and Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction”), today announced that it has materially advanced its consolidation strategy in the Denver-Julesburg (DJ) Basin…

Xcel Energy, Crestone Peak Resources and Project Canary Form Certified Low-Emission Intensity Natural Gas Partnership Program

MINNEAPOLIS & DENVER, May 11, 2021 – Xcel Energy (NASDAQ: XEL) announced today that it will purchase certified low-emission intensity natural gas produced by Crestone Peak Resources for use in its Colorado operations. The partnership between Colorado’s largest energy provider and a leading energy producer in Colorado comes amid growing interest in using environment, social and governance (ESG) information to drive more sustainable natural gas production, transportation and use. Xcel Energy was the first major…

Crestone Peak Resources Joins The Environmental Partnership

Partnership comprised of more than 85 energy companies committed to responsible oil and gas development and environmental stewardship Crestone Peak Resources, a leading producer of oil and natural gas in the Denver-Julesburg Basin, has joined the American Petroleum Institute’s Environmental Partnership, a group of energy companies committed to continuously improving the industry’s environmental performance. The Environmental Partnership is comprised of more than 85 U.S. oil and natural gas companies committed to three things: taking action…

ONE Future Welcomes Crestone Peak Resources

Natural Gas Coalition membership reaches 37 January 20, 2021, – Our Nation’s Energy Future (ONE Future) today announced that Crestone Peak Resources (Crestone), a leading producer of oil and natural gas in the Denver-Julesburg Basin, has joined the coalition, bringing the total number of member companies to 37. The ONE Future Coalition is a group of energy companies working together to reduce methane emissions voluntarily across the natural gas value chain to 1% (or less)…

Crestone named ‘Gold Leader’ in Colorado Environmental Leadership Program

Program recognizes company’s efforts to voluntarily go above and beyond in its commitment to environmental leadership DENVER – October 6, 2020 – Crestone Peak Resources was named a 2020 ‘Gold Leader’ by the Colorado Department of Public Health and Environment (CDPHE) Environmental Leadership Program for its efforts to safeguard public health and the environment while producing energy in Colorado. This is Crestone’s second year in the program and first time achieving Gold Leader status, which…

Crestone Peak Resources Completes Acquisition of DJ Basin Assets

DENVER – Crestone Peak Resources, a leading Colorado-based producer of oil and natural gas, today announced that it has closed a transaction in the Denver-Julesburg Basin, to grow to nearly 150,000 net acres of leasehold in Colorado. “Crestone continues to make significant investments in the future of Colorado’s production of oil and natural gas, by increasing our leasehold and empowering our team with the industry’s newest technologies and a disciplined approach to safety,” said Tony…

Crestone Peak Resources Announces New Partnership for Real-Time Well Site Air Quality Monitoring

Crestone is the first oil and gas operator in Colorado to implement continuous monitoring of emissions during all phases of development DENVER, Jan. 16, 2020 – Crestone Peak Resources today announced an innovative partnership for a large-scale test of real-time continuous air quality monitoring at its oil and natural gas production sites in Colorado. Crestone is the first operator to commit to continuous emissions testing for a substantial majority of its production. This innovative, first-of-its-kind pilot…

Crestone Peak Resources Earns CDPHE Environmental Leadership Program Bronze Achiever Award

Program recognizes organizations’ efforts to minimize impact on Colorado’s environment DENVER (October 15, 2019) – Crestone Peak Resources earned a 2019 Bronze Achiever award from the Colorado Department of Public Health and Environment’s (CDPHE) Environmental Leadership Program (ELP) for efforts to minimize its impact on Colorado’s environment.   The ELP is a statewide environmental recognition and reward program that highlights commitment to continual environmental improvement by voluntarily going beyond compliance with state and federal regulations….

District Court Judge Dismisses Last of Boulder County’s Claims in 2018 Crestone Peak Resources Suit

DENVER – September 23, 2019 – Crestone Peak Resources, a leading Colorado-based oil and gas producer, was awarded a dismissal from the Boulder County District Court of the last remaining claim in a lawsuit filed against it by Boulder County in September 2018. The Court had previously dismissed the rest of Boulder’s claims, ruling that two of them were “frivolous and groundless,” and further stated that there is evidence to believe those claims were made…

St. Vrain Valley Schools Launches Future-Ready Innovation Lab with Support from Crestone Peak Resources and Others

Mobile technology and innovation lab will provide hands-on STEM and early learning experiences for 33,000 students within the district DENVER (August 20, 2019) – Crestone Peak Resources together with nine other Colorado businesses and nonprofits today announced a partnership with St. Vrain Valley Schools to launch the Future-Ready Innovation Lab, a cutting-edge mobile technology and innovation center for students. The Innovation Lab will extend student learning beyond the classroom through engaging and hands-on opportunities focused…

Crestone Announces Addition to Executive Team and Changes to Board of Directors

DENVER – June 12, 2018 – Crestone Peak Resources (“Crestone”) announced today that Roger Huang has been named Executive Vice President and Chief Development Officer, stepping down from his previous role on the Company’s Board of Directors. Mr. Huang will join Tony Buchanon, President and Chief Executive Officer, and Barry Turcotte, Senior Vice President and Chief Financial Officer to complete the Company’s Executive Team. Additionally, James Trimble was appointed Chairman of the Board of Directors….

Crestone Peak Resources Files for Permit with City and County of Broomfield

DENVER – Feb. 27, 2018 – On Friday, Feb. 23, Crestone Peak Resources submitted an application and related documentation for a “Use by Special Review” (USR) permit to the City and County of Broomfield. The application outlines a proposed oil and gas site, referred to in the application as the Goltl oil and gas location, located east of Interstate 25 in the rural northeast corner of Broomfield County. The proposed Goltl location will include 26…

Crestone Peak Resources Names Tony Buchanon as CEO

Acquisition completed through jointly formed entity, Crestone Peak Resources DENVER, Colo., August 16, 2016: Crestone Peak Resources (“Crestone” or the “Company”) announces Tony Buchanon is joining as Chief Executive Officer (“CEO”) of Crestone, effective August 8, 2016. Buchanon has also been named to the Company’s Board of Directors. “Tony’s experience in building organizations and operational focus make him a perfect fit to lead Crestone Peak Resources,” said Avik Dey, Chairman of the Board at Crestone…

Canada Pension Plan Investment Board and The Broe Group Complete Acquisition of DJ Basin Oil & Gas Assets

Acquisition completed through jointly formed entity, Crestone Peak Resources Toronto, ON/Denver, CO (July 29, 2016): Crestone Peak Resources LLC (Crestone), a Canada Pension Plan Investment Board (CPPIB) and The Broe Group jointly formed entity, closed the acquisition of the previously announced Denver Julesberg (DJ) Basin oil and gas assets in Colorado from Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Encana Corporation (Encana). Crestone is 95% owned by CPPIB and 5% by…