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.
Permian Resources Corporation (NYSE: PR) will report its first quarter 2023 financial results on May 8, 2023, after market close. An earnings conference call is scheduled for May 9, 2023, at 9:00 a.m. Central (10:00 a.m. Eastern). Interested participants can dial (888) 396-8049 with Conference ID: 92425142 or join online at www.permianres.com. A replay will be available for 14 days post-call.
Based in Midland, Texas, Permian Resources focuses on acquiring and developing oil and natural gas properties in the Delaware Basin. The company emphasizes responsible operations and aims for high returns on its investments.
On March 10, 2023, Permian Resources (NYSE: PR) completed a successful secondary public offering totaling
Permian Resources Corporation (NYSE: PR) has initiated an underwritten public offering of 27,500,000 shares of its Class A common stock by affiliates of NGP Energy Capital and Riverstone Investment Group. The company will not receive proceeds from this offering. Notably, the selling stockholders plan to offer an additional 4,125,000 shares through a 30-day option. Concurrently, Permian Resources intends to purchase 2,750,000 OpCo Units from NGP Stockholders, which is conditional upon the completion of the offering. J.P. Morgan and Citigroup are managing the offering, which is subject to market conditions.
FAQ
What is the current stock price of Permian Resources Corporation (PR)?
What is the market cap of Permian Resources Corporation (PR)?
What does Permian Resources Corporation do?
Where are Permian Resources Corp's operations located?
How large is Permian Resources Corp's acreage?
What are Permian Resources Corp's key business strategies?
Where is Permian Resources Corp headquartered?
How can I learn more about Permian Resources Corp?
How can I apply for a job at Permian Resources Corp?
What recent achievements has Permian Resources Corp accomplished?
What is the significance of Permian Resources Corp's location in the Permian Basin?
How does Permian Resources Corp ensure stakeholder returns?
