Citation Oil & Gas Corporation
14077 Cutten Road , Houston, Texas, United States

Citation Oil & Gas Corp. is one of the largest privately-held independent oil & gas acquisition, development and production companies in the United States. Founded in 1981 by Forrest E. Harrell, Sr., Citation has built a significant portfolio of mature, long-life producing properties through a combination of disciplined acquisitions, focused operations and subsequent development.  Since 1985, Citation has invested $2.1 billion in over 80 oil and gas reserve acquisitions. As a result of these acquisitions and subsequent property development, Citation now has ownership interests in approximately 15,600 wells in over 400 separately designated fields that contain over 216 million net equivalent barrels of proved reserves, and has net production of approximately 27,150 barrels of oil and 32 million cubic feet of gas per day. Citation’s reserves are 88% oil and 76% are proved developed and have a reserve life index of 18 years. Critical to our ability to control future development and operating costs, Citation is the operator for over 90% of the value of the properties in which it owns an interest.

Our assets are located exclusively onshore in the central third of the U.S., with concentrated positions in the Mid-Continent, Permian Basin, Illinois Basin and Rocky Mountain regions. In addition to our upstream oil and gas operations, Citation also is involved in crude oil marketing activities through its wholly owned subsidiary, Citation Crude Marketing, Inc.  Citation continues to pursue growth through the acquisition of oil & gas properties that fit our operating expertise – majority crude oil, high PDP component with established decline trends, long remaining reserve life, and low geologic risk. Complementing this disciplined acquisition strategy, the company has an active asset development program to enhance production and recoverable reserves of its properties through a wide variety of engineering-driven capital projects, including infill drilling, waterflood optimization, horizontal drilling and enhanced oil recovery applications.  Citation has 500 employees and is headquartered in Houston, Texas. The company also has regional offices located in Midland, Texas, Oklahoma City, Oklahoma, and Gillette, Wyoming.

Operations

Operations Citation operates in 13 states and manages its field operations on a decentralized basis through four regional operating areas designed to leverage both scale and geographic focus. Operational control of our assets is a key component of our strategy to maintain and grow production volumes and control lifting costs. We currently operate properties that represent over 90% of the value of our total proved reserves.

Culture

Commitment to operational excellence, integrity, and teamwork are core foundations of the Citation culture and workforce. Citation’s people are characterized by a common set of work-oriented skills and traits. They are assiduous, determined and focused individuals that enjoy a mutually-supportive commitment to the success and growth of the company.  It is Citation’s commitment to maintain a cohesive and positive working environment that promotes creativity, fulfillment and personal and professional growth for all employees.  Citation employs a diverse group of individuals that possess different backgrounds, are trained in a wide variety of professional skills and nurture unique talents. Despite this diversity, all share a common sense of pride and reward from working at Citation. Perhaps the best evidence of this shared view is that the average tenure of the company’s 500 employees is ten years.  Citation’s personnel work across a range of disciplines, including reservoir engineering, production engineering, geology, land management, accounting, tax, marketing, human resources, information systems and over 185 positions directly related to the physical operation and maintenance of Citation’s oil and gas assets.