Permian Resources Corporation PR NYSE

Permian Resources Corporation is an independent oil and natural gas company headquartered in Midland, Texas, specializing in the development of crude oil and liquids-rich natural gas reserves in the United States. The company's operations are concentrated in the Delaware Basin, a sub-basin of the Permian Basin, with primary acreage holdings in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, the company controlled approximately 73,675 net leased or acquired acres and owned 991 net mineral acres in the region. Originally incorporated in 2015 under the name Centennial Resource Development, Inc., the company rebranded to Permian Resources Corporation in September 2022 to reflect its strategic focus on Permian Basin development.