Our History

Over the past 23 years, Citation has pursued a focused strategy of consistent, profitable growth in oil and natural gas production through a proven process of quality acquisitions and low-risk development. Since 1985, Citation has invested more than $1 billion in over 40 major oil and gas reserve acquisitions. As a result of these acquisitions, and subsequent property development, Citation now owns more than 184 million barrels of net proved oil equivalent reserves and has net daily production of approximately 24,000 barrels of oil and 37 million cubic feet of gas per day. Our reserves are 88% proved developed and have a reserve life index of more than 17 years. Critical to our ability to control future development and operating costs, Citation is the operator for over 91% of the value of the properties in which it owns an interest.