PR 📈 Permian Resources - Overview

Permian Resources Corporation, a leading independent oil and natural gas company, is dedicated to the development and production of crude oil and liquids-rich natural gas reserves in the United States, with a primary focus on the Delaware Basin, a highly prolific sub-basin of the Permian Basin. The company's strategic asset base consists of a significant acreage position in the Delaware Basin, spanning across West Texas and southeastern New Mexico, including Eddy and Lea counties, providing access to multiple stacked hydrocarbon-bearing formations. This diverse portfolio enables the company to optimize its drilling and completion operations, leveraging the latest technologies to drive efficiency and reduce costs.

The company's properties are characterized by their high-quality rock, favorable geology, and extensive infrastructure, allowing for efficient and economic development of its reserves. With a strong foundation in the Permian Basin, Permian Resources Corporation is well-positioned to drive long-term growth, generate significant cash flow, and deliver returns to its shareholders. The company's commitment to operational excellence, environmental stewardship, and safety is reflected in its rigorous drilling and completion practices, as well as its focus on minimizing its environmental footprint. As a result, Permian Resources Corporation has established itself as a trusted and responsible operator in the oil and natural gas industry.

Following a strategic rebranding effort, the company formerly known as Centennial Resource Development, Inc. changed its name to Permian Resources Corporation in September 2022, marking a new chapter in its evolution as a leading independent oil and natural gas company. Incorporated in 2015 and headquartered in Midland, Texas, Permian Resources Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol PR, with its common stock classified under the GICS Sub Industry: Oil & Gas Exploration & Production. For more information, investors and stakeholders can visit the company's website at https://www.permianres.com, or reference its ISIN code: US71424F1057.