Civitas Resources Selects Iconic Air as System of Intelligence for Emissions Reporting

Rhea-AI Summary

Civitas Resources, Inc. (NYSE:CIVI), Colorado's largest oil and gas producer, has partnered with Iconic Air to adopt its Emissions Intelligence™ platform. This collaboration aims to enhance emissions management and ESG performance reporting as part of Civitas' commitment to achieving carbon neutrality in scope 1 and 2 emissions. The partnership will facilitate accurate measurement and reduction of operational emissions through robust data integration. Civitas is focused on environmental leadership and aims to maintain its position as a pioneering carbon-neutral operator. The initiative includes a significant investment in certified voluntary carbon offsets to support sustainability goals.

Positive

• Partnership with Iconic Air enhances Civitas' emissions management capabilities.
• Commitment to achieving carbon neutrality in scope 1 and 2 emissions.
• Investment in certified voluntary carbon offsets supports sustainability goals.

Negative

• None.

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DENVER, Feb. 6, 2023 /PRNewswire/ -- Civitas Resources, Inc. (NYSE:CIVI) ("Civitas"), Colorado's largest pure-play oil and gas producer, has adopted Iconic Air's Emissions Intelligence ^TM platform to support its operational emission reductions and ESG performance reporting as part of the company's near-real-time emissions management initiative. Civitas has chosen Iconic Air's technology solution to be part of its ongoing commitment to be a leading scope 1 and scope 2 carbon-neutral oil and gas producer through an intensive, continued focus on accurately measuring and reducing operational emissions coupled with a multi-year investment in certified voluntary carbon offsets.

"Civitas is committed to environmental leadership by achieving meaningful, year-over-year operational emissions reductions," said Brian Cain, Civitas' Chief Sustainability Officer. "Our partnership with Iconic Air enables us to consistently and reliably calculate, analyze, and communicate accurate emissions run-rate data that is essential to achieving our ambitious reduction goals."

Iconic Air's technology solution transforms disparate, disconnected datasets to provide Civitas a System of Intelligence for carbon and greenhouse gas emissions to inform decision makers. By using Iconic Air's Emissions Intelligence^TM platform to centralize its operational and environmental data, Civitas can leverage robust insights and transparent performance reporting to reach its sustainability goals.

"Partnering with Civitas Resources, a respected first-mover in carbon neutral oil and natural gas operations, is an exciting opportunity for Iconic Air. Civitas has made bold moves in sustainability, and we are thrilled to be part of their innovative journey," said Kyle Gillis, CEO of Iconic Air.

About Civitas Resources, Inc.
Civitas Resources, Inc. is Colorado's first carbon neutral oil & natural gas producer and is focused on developing and producing crude oil, natural gas and natural gas liquids in Colorado's Denver-Julesburg Basin. The Company is committed to pursuing compelling economic returns and cash flow while delivering best-in-class cost leadership and capital efficiency. Civitas is dedicated to safety, environmental responsibility, and implementing industry-leading practices to create a positive local impact. For more information about Civitas, please visit www.civitasresources.com.

About Iconic Air
Iconic Air, centered in the heart of the prolific Marcellus Shale region, is helping energy-intensive industries decarbonize faster with leading sustainability tooling. Emissions Intelligence™ enables operators to calculate, visualize, and report emissions data more robustly. Its software brings data to life enabling environmental and sustainability practitioners by assisting with auditing, reporting, forecasting, and scenario planning. Learn more at www.iconicair.io.

For more information, please contact:

Civitas Resources
Rich Coolidge
rcoolidge@civiresources.com

Iconic Air
Hampton Cokeley
Hampton@iconicair.io

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SOURCE Iconic Air