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Permian Resources Corporation - PR STOCK NEWS

Welcome to our dedicated page for Permian Resources Corporation news (Ticker: PR), a resource for investors and traders seeking the latest updates and insights on Permian Resources Corporation stock.

Permian Resources Corporation (symbol: PR) is an independent oil and natural gas company committed to delivering substantial returns to its stakeholders. Focused on the responsible acquisition, optimization, and development of oil and liquids-rich natural gas assets, the company plays a significant role in the energy sector.

Permian Resources Corp's operations are primarily concentrated in the core of the Permian Basin, one of the most prolific oil-producing regions in the United States. The company's properties consist of large, contiguous acreage blocks located in West Texas and New Mexico. This strategic positioning allows for efficient and cost-effective extraction of valuable resources.

With over 40,000 net acres and more than 1,350 drilling locations primarily in Reeves County, Permian Resources Corp is pursuing a growth strategy grounded in technical leadership, strong well results, attractive investment returns, and a conservative balance sheet.

In recent years, Permian Resources Corp has focused on several key projects aimed at enhancing production and optimizing resource extraction. These initiatives have led to improved operational efficiencies and increased output, positioning the company as a leader in the industry.

Headquartered in Denver, Colorado, Permian Resources Corp is committed to maintaining a strong financial position while delivering value to its stakeholders. The company's team of experienced professionals leverages technical expertise and innovative approaches to maximize the potential of its assets.

For more information about Permian Resources Corporation, please visit their website. If you are interested in a career with Permian Resources Corp, please submit your resume to centennialcareers@cdevinc.com.

Rhea-AI Summary
Permian Resources Corporation (NYSE: PR) announces underwritten public offering of 39,414,415 shares of Class A Common Stock. The company will not sell any shares in the offering and will not receive any proceeds. Concurrently, the Company intends to purchase 2,252,252 common units representing limited liability company interests in Permian Resources Operating, LLC.
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Permian Resources Corporation (PR) has announced the pricing of a private placement of $500.0 million aggregate principal amount of 7.000% senior notes due 2032. The Notes mature on January 15, 2032, and pay interest at the rate of 7.000% per year. The Notes Offering is expected to close on December 13, 2023, and the net proceeds will be used to repay outstanding credit facility amounts and for general corporate purposes.
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Permian Resources Corporation (NYSE: PR) plans to offer $500.0 million in aggregate principal amount of senior unsecured notes due 2032 in a private placement. The net proceeds will be used to repay outstanding amounts under its credit facility and for general corporate purposes.
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PR: Permian Resources Corp Announces $4.5B Earthstone Acquisition, 6% Increase in Crude Oil Production, and $96M Return of Capital
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Permian Resources Corporation (PR) Declares $0.12 Quarterly Dividend, Payable on November 28, 2023
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Permian Resources Corporation has completed its acquisition of Earthstone Energy, Inc. The transaction was approved by shareholders and each share of Earthstone common stock was converted into the right to receive 1.446 shares of Permian Resources common stock. Earthstone stock will no longer be listed for trading on the NYSE.
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Permian Resources Corporation to report Q3 2023 financial results
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Permian Resources Corporation announces pricing of public offering of Class A Common Stock
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Permian Resources Corporation announces underwritten public offering of 20,300,000 shares of Class A common stock by Selling Stockholders. Underwriters may have option to purchase additional 3,045,000 shares. Concurrently, Company intends to purchase 2,200,000 OpCo Units from Selling Stockholders. Offering subject to market conditions.
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Permian Resources Corporation prices private placement of $500.0 million senior notes due 2032.
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FAQ

What is the current stock price of Permian Resources Corporation (PR)?

The current stock price of Permian Resources Corporation (PR) is $13.85 as of October 23, 2024.

What is the market cap of Permian Resources Corporation (PR)?

The market cap of Permian Resources Corporation (PR) is approximately 9.7B.

What does Permian Resources Corporation do?

Permian Resources Corporation focuses on the acquisition, optimization, and development of oil and liquids-rich natural gas assets.

Where are Permian Resources Corp's operations located?

The company's operations are primarily located in the core of the Permian Basin, in West Texas and New Mexico.

How large is Permian Resources Corp's acreage?

Permian Resources Corp has over 40,000 net acres and more than 1,350 drilling locations, primarily in Reeves County.

What are Permian Resources Corp's key business strategies?

The company's growth strategy includes technical leadership, strong well results, attractive investment returns, and maintaining a conservative balance sheet.

Where is Permian Resources Corp headquartered?

The company is headquartered in Denver, Colorado.

How can I learn more about Permian Resources Corp?

You can visit the company's website at www.cdevinc.com for more information.

How can I apply for a job at Permian Resources Corp?

Interested candidates can submit their resumes to centennialcareers@cdevinc.com.

What recent achievements has Permian Resources Corp accomplished?

Recent achievements include enhanced production and optimized resource extraction, leading to improved operational efficiencies and increased output.

What is the significance of Permian Resources Corp's location in the Permian Basin?

The Permian Basin is one of the most prolific oil-producing regions in the U.S., allowing for efficient and cost-effective resource extraction.

How does Permian Resources Corp ensure stakeholder returns?

The company leverages technical expertise and innovative approaches to maximize the potential of its assets, ensuring substantial returns for stakeholders.

Permian Resources Corporation

NYSE:PR

PR Rankings

PR Stock Data

9.72B
701.86M
1.07%
92.25%
5.18%
Oil & Gas E&P
Crude Petroleum & Natural Gas
Link
United States of America
DENVER