Permian Resources, trading on the New York Stock Exchange under the symbol PR, is an independent energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids in the Permian Basin. Headquartered in Midland, Texas, the company was founded in 2019 as a spin-out from Endeavor Energy Resources and completed its initial public offering in late 2021. Since its formation, Permian Resources has pursued a disciplined growth strategy centered on high-quality acreage in the Western Delaware Basin.
The company’s core operations are concentrated in Reeves County, Texas, and Lea County, New Mexico, where it holds a portfolio of long‐life, low-decline oil and gas wells. Utilizing horizontal drilling and multi-stage hydraulic fracturing techniques, Permian Resources has built a multi-well drilling inventory that targets multiple prolific formations, including the Wolfcamp and Bone Spring zones. This focus on technology and operational efficiency has enabled the company to sustain attractive production levels while managing costs and capital expenditures.
In addition to its upstream activities, Permian Resources has invested in midstream infrastructure to support its gathering, processing and transportation requirements. This includes joint ventures and pipeline connections that optimize the flow of oil, gas and associated liquids to regional markets and major Gulf Coast export facilities. By integrating these services, the company seeks to enhance margins, reduce bottlenecks and maintain reliability across its asset base.
Leadership at Permian Resources is headed by President and Chief Executive Officer John H. Walker, a veteran of the Permian Basin oil industry with more than 30 years of experience. Under his direction, the company emphasizes safety, environmental stewardship and community engagement. Permian Resources’ board and management team combine technical expertise and financial discipline, positioning the firm to navigate commodity price cycles and deliver sustainable long-term value for its shareholders.
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