Permian Resources Corp.
About
Headquartered in Midland, Texas, Permian Resources Corp. is an independent oil and natural gas company focused on the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Company’s operations are located in the Permian Basin, with concentration in the core of the Delaware Basin.
Editor's note: Updated Sept. 1, 2022.
Transactions
Permian Resources Closes $4.5B Earthstone Energy Acquisition
Permian Resources Closes $4.5B Earthstone Energy Acquisition
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News
Report: Permian Resources is Delaware Basin’s Most Undervalued E&P
Raymond James’ E&P analyst John Freeman last delved into the Delaware Basin in 2023. This year, Permian Resources ranked last when comparing market valuation to core, future well locations.
The US Shale Rig Count is Not Falling, Data Show
The net change in the U.S. horizontal rig count is seven rigs—1% —fewer than at year-end 2024, a Hart Energy analysis shows. Instead, the sub-$70 oil price has displaced rigs targeting non-shale targets.
M&A Experts: Expect Brisk Return to Deal Flow in Second Half
Private equity firms are loaded for “pent-up” portfolio rationalization after rampant industry consolidation, particularly in the Permian—but the timing is anyone’s guess.
Permian Resources Closes $608MM Bolt-On of APA’s Delaware Assets
Permian Resources’ acquisition of New Mexico assets from APA Corp. includes 13,320 net acres and average production of 12,400 boe/d.
On the Market This Week (May 26, 2025)
Here is a roundup of marketed oil and gas and mineral and royalty leaseholds for the week of May 26, 2025, in the Midland, Delaware and Denver-Julesburg basins and Marcellus and Utica shales.
US Energy M&A Shifts Gassier into Appalachia, Midcon as Oil Slips
U.S. upstream M&A activity reached $2.3 billion in April, defying a sharp 12% collapse in oil prices. Natural gas-driven deals led the way, including EQT’s $1.8 billion Olympus Energy acquisition.
Riley Permian Buys Northwest Shelf E&P Silverback II for $142MM
Riley Exploration Permian Inc. is adding Northwest Shelf assets from EnCap-backed Silverback Exploration II. Riley is also cutting capex and focusing on preserving inventory amid weak oil prices.
Permian Resources Buys Apache's Northern Delaware Assets for $608MM
Permian Resources is expanding its New Mexico footprint with an acquisition of Permian Basin assets from APA Corp. for $608 million.
Undrilled but not Unnoticed: White Space Buyers Invest Now for Future Upside
Undeveloped, unpermitted acreage lures private equity risk-takers who want in on the mineral and royalty coffers.
E&Ps IP’ing 76%-Plus Oil from New Irion County Wells in Midland Basin
Drillers in Irion County are stepping up the pace this year, D&C’ing already as many wells as were brought online in all of 2024. The county has a “bad reputation” for being gassy but is showing up with 76%-plus oil wells.
CEOs: Sub-$60 WTI ‘a Mess’ but Tariffs ‘Had to Happen’
Some E&P leaders told Hart Energy the newly low oil prices aren’t good for business, while others said they will be fine in the long run.
In Inventory-Scarce Permian, Could Vitol’s VTX Fetch $3B?
With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.
Oxy, Looking to Cut Debt, Sells D-J Minerals to Elk for $905MM
Elk Range Royalties bought 250,000 net royalty acres in the Denver-Julesburg Basin for $905 million from Occidental Petroleum, which is looking to shed debt after last year's acquisition of CrownRock.
Dividends Declared Week of Feb. 24
As 2024 year-end earnings wrap up, here is a compilation of dividends declared from select upstream and midstream companies.
Coterra’s Rigs ‘Stay Camped Out’ in Delaware Basin Mega-DSU Drilling
With 57 wells already in one “row” development, Coterra Energy has 16 more underway, plus rigs at work on two more mega-DSU developments totaling 90 wells.