PR Profile
Permian Resources Corporation, an independent oil and natural gas company, specializes in the development and production of crude oil and liquids-rich natural gas reserves within the United States. The company’s primary operational focus is the Delaware Basin, a prominent sub-basin of the larger Permian Basin. With significant holdings in Reeves County, West Texas, and Lea County, New Mexico, Permian Resources is strategically positioned in some of the most prolific hydrocarbon-producing regions in North America.
As of December 31, 2021, Permian Resources Corporation leased or acquired approximately 73,675 net acres and owned 991 net mineral acres in the Delaware Basin. These assets provide a robust foundation for the company’s exploration and development activities, enabling it to capitalize on the rich resource potential of this key geological area.
Previously known as Centennial Resource Development, Inc., the company rebranded to Permian Resources Corporation in September 2022 to better reflect its focused operational strategy and asset base. This strategic rebranding aligns with its ongoing commitment to expanding its footprint and optimizing production in the Delaware Basin.
Incorporated in 2015 and headquartered in Midland, Texas, Permian Resources Corporation leverages advanced technologies and industry expertise to drive efficiency and growth. The company continues to enhance its asset portfolio through strategic acquisitions and leasing, reinforcing its position as a leading player in the U.S. oil and natural gas industry.
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