Civitas Resources Inc.

Entered into an amendment to its senior secured revolving credit facility under which the borrowing base has been increased from $1 billion to $1.7 billion and the elected commitment amount has increased from $800 million to $1 billion in connection with its regularly scheduled semi-annual redetermination. As of March 31, the company had zero borrowings outstanding on the credit facility and approximately $154 million in cash on hand.