Permian Resources is an independent oil and natural gas exploration and production company. Founded in 2022, its operations are focused exclusively on the acquisition, optimization, and development of properties within the Delaware Basin section of the Permian Basin. The company's core activity is the production of oil and natural gas from these high-return properties, positioning it as the second largest pure-play E&P company in the Permian Basin.
The company's operational footprint covers approximately 480,000 net leasehold acres across Eddy and Lea Counties in New Mexico, and Reeves and Ward Counties in Texas. Its corporate headquarters are located in Midland, Texas. Permian Resources emphasizes a strategy of disciplined capital allocation, operational excellence, and a capital-efficient development program.
