July 1, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against CIVI

Core Viewpoint - Civitas Resources, Inc. is facing allegations of misleading shareholders regarding its oil production capabilities and financial health, particularly concerning a significant reduction in oil production anticipated for 2025 [1][2]. Allegations Summary - Civitas is likely to significantly reduce its oil production in 2025 due to declines following a production peak at the DJ Basin in Q4 2024 and a low TIL count at the end of 2024 [1]. - Increasing oil production would necessitate acquiring additional acreage and development locations, leading to significant debt and potential asset sales to cover acquisition costs [1]. - The company's financial condition may force it to implement disruptive cost reduction measures, including substantial workforce reductions [1]. - As a result, Civitas's business and financial prospects, as well as its operational capabilities, were overstated [1]. - The public statements made by the company were materially false and misleading throughout the relevant period [1]. Class Action Details - The class period for shareholders who purchased shares of Civitas is from February 27, 2024, to February 24, 2025 [1]. - Shareholders are encouraged to register for the class action by July 1, 2025, to participate in potential recovery [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [2].