Cover	12 Months Ended
Cover	Dec. 31, 2023
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	Civitas Resources, Inc.
Entity Central Index Key	0001509589

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay versus Performance

The following table sets forth certain information with respect to the Company’s financial performance and the compensation paid to our named executive officers (“NEOs”) for the fiscal years ended on December 31, 2023, December 31, 2022, December 31, 2021, and December 31, 2020.

									Value of Initial Fixed $100 Investment Based On:
Year	Summary Compensation Table Total for PEO 1(1)	Compensation Actually Paid to PEO 1(4)	Summary Compensation Table Total for PEO 2(2)	Compensation Actually Paid to PEO 2(4)	Summary Compensation Table Total for PEO 3(3)	Compensation Actually Paid to PEO 3(4)	Average Summary Compensation Table Total for Non-PEO NEOs(5)	Average Compensation Actually Paid to Non-PEO NEOs(4)(5)	Total Shareholder Return(6)(8)	Peer Group Total Shareholder Return(6)(8)	Net Income(7)(8)
2023	$12,463,145	$16,096,619	N/A	N/A	N/A	N/A	$5,210,663	$5,555,798	$357.46	$160.83	$784
2022	$9,625,418	$9,339,010	$1,004,156	$950,457	$11,445,908	$11,443,023	$3,602,958	$4,421,346	$275.14	$154.88	$1,248
2021	N/A	N/A	N/A	N/A	$2,938,020	$9,723,776	$2,474,804	$3,977,856	$214.79	$106.29	$179
2020	N/A	N/A	N/A	N/A	$2,274,165	$1,297,858	$1,130,031	$910,473	$82.82	$63.42	$104

(1)

Mr. Doyle was a Principal Executive Officer of the Company (“PEO”) in fiscal years 2023 and 2022. Mr. Doyle joined the Company as its President and Chief Executive Officer on May 2, 2022.

(2)

Mr. Dell was a PEO only in fiscal year 2022. Mr. Dell served as Interim Chief Executive Officer from January 31, 2022 until May 2, 2022. During his service as Interim Chief Executive Officer at the Company, he remained an employee of Kimmeridge and did not receive any compensation directly from the Company for his service as Interim Chief Executive Officer or participate in any of the Company’s employee benefits plans. Mr. Dell only received compensation directly from the Company for his services as a director of the Company. In addition, Mr. Dell was allowed private aircraft usage during the period he served as Interim Chief Executive Officer, and the amounts for such private aircraft usage were paid by the Company to Kimmeridge.

(3)

Mr. Greager was a PEO in fiscal years 2022, 2021 and 2020. Mr. Greager’s employment with the Company terminated effective January 31, 2022.

(4)

The dollar amounts reported represent the amount of “compensation actually paid” (“CAP”), as computed in accordance with SEC rules. “Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. The “compensation actually paid” reflects the adjustments set forth in the table below made to the total compensation amounts reported in the Summary Compensation Table for the applicable year, computed in accordance with Item 402(v) of Regulation S-K. We do not have a defined benefit plan so no adjustment for pension benefits is included in the table below. Similarly, no adjustment is made for dividends as the NEOs are not entitled to receive dividends with respect to unvested RSUs and PSUs and are only entitled to dividend equivalent rights that are payable in cash at the same time as the related RSUs and PSUs vest and are settled:

Fiscal Year	Executives	SCT (A)	Minus Stock Award Values from SCT (B)	Year End Value of New Awards (C1)	Change in Value of Unvested Awards (C2)	Change in Value of Vested Awards (C3)	Fair Value as of Vesting Date of Awards Granted and Vested in the Year (C4)	Prior Year End Value of Awards That Failed to Meet Vesting Criteria (C5)	Total Equity CAP (D) = (C1)+ (C2)+(C3)+ (C4)+(C5)	CAP (E) = (A)+ (B)+(D)
2023	PEO 1—Mr. Doyle	$12,463,145	$(9,008,479)	$8,963,696	$3,426,257	$252,001	$0	$0	$12,641,954	$16,096,620
	Non-PEO NEOs	$5,210,663	$(3,532,291)	$2,754,029	$958,198	$94,015	$71,184	$0	$3,877,426	$5,555,798

(A)

The dollar amounts reported in the Summary Compensation Table for the applicable year.

(B)

The amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year represent the grant date fair value of equity awards granted in the applicable year.

(C)

The recalculated value of equity awards for each applicable year includes the addition (or subtraction, as applicable) of the following:

(C1)

the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year;

(C2)

the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year;

(C3)

for awards that vest in applicable year, the change in the fair value as of the vesting date from the end of the prior year;

(C4)

for awards that are granted and vest in the same year, the fair value as of the vesting date;

(C5)

the fair value of awards as of the end of previous fiscal year that were granted in prior years and failed to meet vesting criteria in the current fiscal year.

(D)

Total Equity Adjustments from the addition (or subtraction, as applicable) of re-valued equity.

(E)

“Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules.

In calculating the “compensation actually paid” amounts, the fair value or change in fair value, as applicable, of the equity award adjustments included in such calculations was computed in accordance with FASB ASC Topic 718. The valuation assumptions used to calculate such fair values did not materially differ from those disclosed at the time of grant.

(5)

The names of each of the non-PEO NEOs reflected in these columns for each applicable fiscal year are as follows: (i) for fiscal year 2023, Marianella Foschi, Thomas Hodge Walker, Travis L. Counts, Jeffrey S. Kelly, and Matthew R. Owens; (ii) for fiscal year 2022, Matthew R. Owens, Travis L. Counts, Marianella Foschi, Sandra K. Garbiso, Dean Tinsley, and Cyrus D. Marter; (iii) for fiscal year 2021, Brant H. DeMuth, Marianella Foschi, Cyrus D. Marter, Dean Tinsley, and Sandra K. Garbiso; and (iv) for fiscal year 2020, Brant H. DeMuth, Cyrus D. Marter, Dean Tinsley, and Sandra K. Garbiso.

(6)

The Company TSR and the Company’s Peer Group TSR reflected in these columns for each applicable fiscal year is calculated based on a fixed investment of $100 at the applicable measurement point on the same cumulative basis as is used in Item 201(e) of Regulation S-K. The peer group used to determine the Company’s Peer Group TSR for each applicable fiscal year is the Standard and Poor’s 500 Oil & Gas Exploration & Production Index (“S&P O&G E&P Index”) as disclosed in the Company’s Form 10-K filed with the SEC on February 27, 2024 pursuant to Item 201(e) of Regulation S-K.

(7)

Represents the amount of net income reflected in the Company’s audited financial statements for each applicable fiscal year (amounts presented in thousands).

(8)

As described below in “—Pay versus Performance Tabular List,” the only performance measure used by us to link ‘compensation actually paid’ to our NEOs to company performance for fiscal year 2023 was absolute total shareholder return, which is already required to be disclosed in the table. Accordingly, we have not included a separate Company-Selected Measure in the table.

(8)

“RESOLVED, that the stockholders approve, on an advisory basis, the compensation philosophy, policies, and procedures and the compensation of the named executive officers as disclosed in the proxy statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the compensation discussion and analysis, the compensation tables, and any related material disclosed in the proxy statement.”

Named Executive Officers, Footnote

(1)

Mr. Doyle was a Principal Executive Officer of the Company (“PEO”) in fiscal years 2023 and 2022. Mr. Doyle joined the Company as its President and Chief Executive Officer on May 2, 2022.

(2)

(3)

Mr. Greager was a PEO in fiscal years 2022, 2021 and 2020. Mr. Greager’s employment with the Company terminated effective January 31, 2022.

(5)

Peer Group Issuers, Footnote

(6)

PEO Total Compensation Amount

$ 12,463,145

Adjustment To PEO Compensation, Footnote

(4)

Fiscal Year	Executives	SCT (A)	Minus Stock Award Values from SCT (B)	Year End Value of New Awards (C1)	Change in Value of Unvested Awards (C2)	Change in Value of Vested Awards (C3)	Fair Value as of Vesting Date of Awards Granted and Vested in the Year (C4)	Prior Year End Value of Awards That Failed to Meet Vesting Criteria (C5)	Total Equity CAP (D) = (C1)+ (C2)+(C3)+ (C4)+(C5)	CAP (E) = (A)+ (B)+(D)
2023	PEO 1—Mr. Doyle	$12,463,145	$(9,008,479)	$8,963,696	$3,426,257	$252,001	$0	$0	$12,641,954	$16,096,620
	Non-PEO NEOs	$5,210,663	$(3,532,291)	$2,754,029	$958,198	$94,015	$71,184	$0	$3,877,426	$5,555,798

(A)

The dollar amounts reported in the Summary Compensation Table for the applicable year.

(B)

The amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year represent the grant date fair value of equity awards granted in the applicable year.

(C)

The recalculated value of equity awards for each applicable year includes the addition (or subtraction, as applicable) of the following:

(C1)

the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year;

(C2)

(C3)

for awards that vest in applicable year, the change in the fair value as of the vesting date from the end of the prior year;

(C4)

for awards that are granted and vest in the same year, the fair value as of the vesting date;

(C5)

the fair value of awards as of the end of previous fiscal year that were granted in prior years and failed to meet vesting criteria in the current fiscal year.

(D)

Total Equity Adjustments from the addition (or subtraction, as applicable) of re-valued equity.

(E)

Non-PEO NEO Average Total Compensation Amount

$ 5,210,663

$ 3,602,958

$ 2,474,804

$ 1,130,031

Non-PEO NEO Average Compensation Actually Paid Amount

$ 5,555,798

4,421,346

3,977,856

910,473

Adjustment to Non-PEO NEO Compensation Footnote

(4)

Fiscal Year	Executives	SCT (A)	Minus Stock Award Values from SCT (B)	Year End Value of New Awards (C1)	Change in Value of Unvested Awards (C2)	Change in Value of Vested Awards (C3)	Fair Value as of Vesting Date of Awards Granted and Vested in the Year (C4)	Prior Year End Value of Awards That Failed to Meet Vesting Criteria (C5)	Total Equity CAP (D) = (C1)+ (C2)+(C3)+ (C4)+(C5)	CAP (E) = (A)+ (B)+(D)
2023	PEO 1—Mr. Doyle	$12,463,145	$(9,008,479)	$8,963,696	$3,426,257	$252,001	$0	$0	$12,641,954	$16,096,620
	Non-PEO NEOs	$5,210,663	$(3,532,291)	$2,754,029	$958,198	$94,015	$71,184	$0	$3,877,426	$5,555,798

(A)

The dollar amounts reported in the Summary Compensation Table for the applicable year.

(B)

The amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year represent the grant date fair value of equity awards granted in the applicable year.

(C)

The recalculated value of equity awards for each applicable year includes the addition (or subtraction, as applicable) of the following:

(C1)

the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year;

(C2)

(C3)

for awards that vest in applicable year, the change in the fair value as of the vesting date from the end of the prior year;

(C4)

for awards that are granted and vest in the same year, the fair value as of the vesting date;

(C5)

the fair value of awards as of the end of previous fiscal year that were granted in prior years and failed to meet vesting criteria in the current fiscal year.

(D)

Total Equity Adjustments from the addition (or subtraction, as applicable) of re-valued equity.

(E)

Compensation Actually Paid vs. Total Shareholder Return

[MISSING IMAGE: bc_paidagainsttsr-pn.jpg]

Compensation Actually Paid vs. Net Income

[MISSING IMAGE: bc_paidagainstnet-pn.jpg]

Total Shareholder Return Vs Peer Group

Tabular List, Table

Pay versus Performance Tabular List

Our executive compensation program was simplified following mergers with Extraction and Crestone Peak to only provide base salary and long-term incentive as the direct pay elements (along with health and welfare benefits). Beginning in 2023, awards under the LTIP were restructured to be weighted (i) seventy percent in the form of PSUs tied to absolute total shareholder return, and (ii) thirty percent in the form of time-based RSUs. See “Compensation Discussion and Analysis—Introduction—Features of Our Compensation Program in 2023” above for further information.

The following table lists our most important and only performance measure used by us to link “compensation actually paid” to our NEOs to company performance for fiscal year 2023.