Permian Resources (NYSE: PR) — Company Overview, News & Financial Data
Permian Resources is an energy company focused on exploration and production in the Permian Basin using advanced extraction technologies.
Permian Resources
Permian Resources is an independent crude oil and natural gas exploration and production company operating primarily in the Permian Basin of West Texas and Southeast New Mexico. The company focuses on the acquisition, optimization, and development of high-return unconventional oil and liquids-rich natural gas properties, with core leasehold acreage concentrated across the Delaware Basin. Operating through multi-well pad drilling, lateral extension techniques, and modern completion methods, the company extracts crude oil, natural gas, and natural gas liquids for transport and delivery to domestic energy markets.
Snapshot
Operations
Products and/or services of Permian Resources
- Crude Oil Production: Commercial extraction, processing, and marketing of crude oil from tight formation reservoir targets located throughout the Delaware Basin, delivering liquid hydrocarbons to regional midstream transportation networks, refineries, and major Gulf Coast crude distribution hubs.
- Natural Gas Production: Gathering, processing, and monetization of natural gas streams generated from unconventional wells, directing residue gas volumes through regional pipeline headers and interconnected interstate transmission systems to power markets and industrial end consumers.
- Natural Gas Liquids Extraction: Recovery and sale of natural gas liquids, including ethane, propane, butane, and natural gasoline, separated at third-party processing plants from rich associated gas production originating across operated regional wellhead facilities.
- New Mexico Delaware Operations: Exploration, horizontal drilling, and hydraulic fracturing operations across leasehold positions located in Eddy County and Lea County, New Mexico, developing multi-stacked hydrocarbon pay zones to maximize hydrocarbon recoveries and production throughput.
- Texas Delaware Operations: Development of core unconventional oil and gas properties situated in Reeves County and Ward County, Texas, leveraging multi-well pad development strategies, long horizontal lateral drilling, and optimized completion designs across key target formations.
- Acreage Acquisition & Optimization: Strategic acquisition of contiguous working interests, mineral acreage, and operated leasehold positions in the Delaware Basin, coupled with tactical trade and pooling agreements to maximize operational scale and extended lateral drilling efficiencies.
Permian Resources executive team
- Mr. William M. Hickey IIICo-CEO & Director
- Mr. James H. WalterCo-CEO & Director
- Mr. Guy M. OliphintExecutive VP & CFO
- Mr. Robert R. ShannonExecutive VP & Chief Accounting Officer
- Mr. John C. Bell J.D.Executive VP & General Counsel
- Mr. Charles OsbornVP & Chief Information Officer
- Mr. Hays MabryVice President of Investor Relations
- Mr. Will EllisonVice President of Marketing & Midstream
- Ms. Michelle ColletteVice President Of Human Resources
- Mr. Ryan GitomerSenior Vice President of Finance