Who Are We
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.
Today, Citation has ownership interests in approximately 15,600 wells in over 500 separately designated fields that contain 215 million net equivalent barrels of proved reserves. 90% of Citation's reserves are oil and 86% are proved developed. 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 and enhanced oil recovery applications.
Citation has 489 employees and is headquartered in Houston, Texas. The company also has regional offices located in Oklahoma City, Oklahoma, Midland, Texas and Gillette, Wyoming.