PNRG Profile
PrimeEnergy Resources Corporation is an independent oil and natural gas company engaged in the acquisition, development, and production of hydrocarbon properties across the United States. Through its subsidiaries, the company focuses on expanding its oil and gas assets and enhancing production capabilities. PrimeEnergy Resources leverages joint ventures with industry partners to acquire producing properties, thereby broadening its operational scope and market reach.
The company’s operations include a diverse array of activities related to oil and gas extraction. PrimeEnergy Resources manages approximately 710 active wells and holds non-operating interests in around 822 additional wells, predominantly located in key oil and gas regions such as Oklahoma and Texas. This extensive well portfolio reflects the company’s significant footprint in the U.S. energy sector and its commitment to optimizing production across its asset base.
In addition to its core exploration and production activities, PrimeEnergy Resources provides a range of contract services to third parties. These services encompass well-servicing support operations, site preparation, and construction services for both drilling and reworking operations. This auxiliary business segment not only contributes to the company’s revenue stream but also reinforces its position as a comprehensive service provider in the energy industry.
Originally incorporated as PrimeEnergy Corporation in 1973, the company rebranded as PrimeEnergy Resources Corporation in December 2018 to better reflect its evolving business model and strategic focus. Headquartered in Houston, Texas, PrimeEnergy Resources continues to build on its longstanding industry presence, driving growth through strategic acquisitions, operational efficiency, and diversified service offerings.
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