Permian Resources – Oil & Gas 360

Permian Resources announces divestiture of Midstream gathering systems

December 10, 2024

(Oil & Gas 360) – MIDLAND, Texas – Permian Resources Corporation (NYSE: PR) (“Permian Resources” or the “Company”) today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) for a total cash consideration of $180 million, subject to customary post-closing adjustments.

Occidental announces progress on divestiture and debt reduction program

July 29, 2024

Oil and Gas 360 Agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818 million Additional dispositions in 2024 with total purchase price proceeds of approximately $152 million bring total year-to-date proceeds of closed or announced divestments to $970 million Sales proceeds will go toward reducing debt HOUSTON — July 29, 2024 — Occidental (NYSE:

Permian Resources adds 17,000 acres to portfolio following Earthstone Energy acquisition

February 6, 2024

World Oil (WO) – Permian Resources Corporation announced a series of recent portfolio optimization transactions consisting of two bolt-on acquisitions, a sizeable acreage swap, a divestiture of non-core assets and additional grassroots acquisitions. Recent acquisitions. Permian Resources recently executed two separate transactions to acquire a total of approximately 11,500 net leasehold acres and 4,000 net royalty acres located in Eddy

Permian Resources to acquire Earthstone Energy in all-stock transaction, creating a $14 billion premier Delaware Basin independent E&P

August 21, 2023

Oil and Gas 360 Publisher’s Note: EnerCom Denver 2023 presenter Earthstone Energy being acquired by Permian Resources. MIDLAND, Texas and THE WOODLANDS, Texas, Aug. 21, 2023 (GLOBE NEWSWIRE) — Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) and Earthstone Energy, Inc. (“Earthstone Energy” or “Earthstone”) (NYSE: ESTE) today announced that they have entered into a definitive agreement under

Permian Resources announces fourth quarter 2022 results and provides improved 2023 guidance

February 23, 2023

Permian Resources Corporation (“Permian Resources” or the “Company”) …

Permian Resources announces changes to senior leadership

December 15, 2022

World Oil (WO) — Permian Resources Corporation announced the pending retirements of two executive officers of the Company, along with their respective succession plans on Dec. 14. Permian Resources’ Board of Directors expects to appoint Steve Gray as non-executive Chairman of the Board, succeeding Sean Smith, who has notified the Board of his plans to retire from the Board,

Young shale CEOs eye output boost in oil patch struggling to grow

September 2, 2022

World Oil (Bloomberg) — Investors desperate for clues on the outlook for U.S. shale oil production now have one of their first official forecasts for 2023, with the new chief executive officers of Permian Resources Corp. planning a 10% increase to take advantage of elevated crude prices. The 35- and 34-year-old “shalennials” Will Hickey and James Walter today took over the helm

Centennial Resource Development and Colgate Energy complete combination, forming Permian Resources Corporation

September 1, 2022

Oil & Gas 360 MIDLAND, Texas, Sept. 01, 2022 (GLOBE NEWSWIRE) — Permian Resources Corporation (“Permian Resources” or the “Company”) today announced the successful completion of the combination of Centennial Resource Development, Inc. (“Centennial”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”). Permian Resources Highlights Largest pure-play E&P company in the Delaware Basin Deep inventory of high-quality drilling locations on ~180,000 net acres Unique combination of attractive growth

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