Permian Resources Corp

Permian Resources Corporation is an independent oil and natural gas company that acquires, optimizes, and develops high-return crude oil and associated liquids-rich natural gas reserves. The company's primary goal is to generate shareholder returns by using its technical expertise and operational flexibility to develop its oil and natural gas resources. Permian Resources focuses on enhancing its asset base, executing a capital-efficient development program, maintaining a conservative balance sheet, and maximizing returns to shareholders. It also seeks opportunities to optimize its portfolio through acquisitions that meet its strategic and financial objectives. The company's assets are located in the Permian Basin, specifically concentrated in the core of the Delaware Basin, with large, contiguous acreage blocks in West Texas and New Mexico. As of December 31, 2025, Permian Resources holds approximately 480,000 net leasehold acres and over 105,000 net royalty acres. Approximately 67% of its net leasehold acreage is in Texas, and the remaining 33% is in New Mexico. In 2025, Permian Resources completed an acquisition of approximately 13,000 net leasehold acres from Apache Corporation for an unadjusted purchase price of $608 million on June 16, 2025. This acreage is primarily located next to its existing assets in New Mexico. Additionally, during the year ended December 31, 2025, the company completed multiple acquisitions of oil and natural gas properties for a cumulative adjusted purchase price of approximately $471.1 million, as part of its bolt-on and grassroots acquisition programs. In 2025, the company invested $1.97 billion in capital expenditures for its developmental drilling and completion program, resulting in 190.7 net developmental wells being placed on production.