Permian Resources

#1685

Rank

$9.92B

Marketcap

United States

Country

Leadership team

Mr. Matthew R. Garrison (Exec. VP & COO)

Mr. Brent P. Jensen (Sr. VP & Chief Accounting Officer)

Mr. George S. Glyphis (Exec. VP & Chief Financial Officer)

Products/ Services

Energy, Renewable Energy

Number of Employees

100 - 500

Headquarters

Houston, Texas, United States

Established

2014

Company Registration

SEC CIK number: 0001658566

Net Income

500M - 1B

Revenue

Above - 1B

Traded as

URL

https://www.permianres.com

Overview

Location

Recognition and Award

References

Summary

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.

History

Permian Resources, Inc. was formed in April 2016 by Stonepeak Infrastructure Partners, a private equity firm, to acquire gathering and processing assets and production related minerals in the Permian Basin.

Mission

To create value through the responsible development of high quality unconventional resources.

Vision

Permian Resources aims to become the premier unconventional resource company in the US through the balanced and responsible development of high quality Permian Basin assets.

Key Team

Mr. Davis O. O'Connor (EVP, Gen. Counsel and Sec.)

Mr. William M. Hickey III (Director & Co-CEO)

Mr. James H. Walter (Director & Co-CEO)

Mr. Hays Mabry (Director of Investor Relations)

Ms. Kathleen M. Phillips (VP of HR)

Mr. William A. Weidig (VP of Fin. & Treasurer)

Ms. Jamie L. Wheat (VP of Accounting)

Recognition and Awards

Permian Resources has received numerous awards for its commitment to minimizing the environmental footprint of its operations and for its innovative approach to production optimization.