Permian Resources Corporation

Permian Resources Corporation is an independent oil and natural gas company headquartered in Midland, Texas. Its core business involves the responsible acquisition, optimization, and development of high-return oil and natural gas properties. The company's mission is to deliver leading shareholder returns by leveraging its high-quality asset base and technical expertise to sustainably and responsibly develop oil and natural gas resources to meet global energy demands.

The company's operations are primarily concentrated in the core of the Delaware Basin, a sub-basin within the larger Permian Basin. Permian Resources holds approximately 535,000 net leasehold acres across the Permian Basin, with significant assets located in Eddy and Lea Counties, New Mexico, and Reeves and Ward Counties, Texas. It is recognized as the second-largest pure-play exploration and production (E&P) company in the Permian Basin, focusing on crude oil and associated liquids-rich natural gas reserves.

Led by Co-Chief Executive Officers Will Hickey and James Walter, and CFO Guy Oliphint, Permian Resources has demonstrated strong financial performance, reporting record free cash flow of $751 million in the second quarter of 2026. The company achieved investment-grade credit ratings in March 2026 and continues to focus on capital efficiency and increasing oil production, with updated guidance projecting a 10% increase for 2026. Analysts note the company's substantial 15-year inventory runway and its strategy of pursuing approximately $1 billion in annual bolt-on acquisitions to replenish its drilling inventory.