Operator · Permian Basin
Permian Resources Corp.
53 articles mentioning Permian Resources Corp. · Page 1 of 3
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including 181.8 MBbls/d of oil, and generated $1.6 B...
Devon / Permian Resources Add To Permian Positions
During Q3 2025, both Devon Energy (NYSE: DVN) and Permian Resources (NYSE: PR) deployed capital in the Delaware Basin, but their disclosures show very different ways of thinking about “doing deals.” Devon approached the quarter as...
Permian Resources Plans 280 Wells For 2025
2025 Operational Plan and Targets Capex : $1.9 - $2.1 Billion. Capex D&C : 1.8 billion Production : 360-380 Mboe/d Wells Planned : 285 gross well (75% WI) Lateral Length Avg = : 10,000 ft. Permian...
Permian Resources Corporation First Quarter 2023 Results
Permian Resources Corporation announced first quarter 2023 results. Highlights Delivered total production of 153.8 MBoe/d, ahead of guidance, and oil production of 78.3 MBbls/d, in-line with guidance Announced total accrued capital expenditures of $360 million and...
Permian Resources Q4, Full Year 2022 Results; Plans $1.35B 2023 Budget
Permian Resources Corp. announced its fourth quarter and full year 2022 financial and operational results and 2023 operational plans. Recent Financial and Operational Highlights: Delivered fourth quarter oil production of 81.4 MBbls/d, exceeding the mid-point of...
Centennial, Colgate Finalize $3.9B Merger; Debut as Permian Resources Corp.
Permian Resources Corp. announced the successful completion of the combination of Centennial Resource Development, Inc. and Colgate Energy Partners III, LLC. Permian Resources Highlights: Largest pure-play E&P company in the Delaware Basin Deep inventory of high-quality...
Centennial Resource Development Second Quarter 2022 Results
Centennial Resource Development, Inc. announced second quarter 2022 financial and operational results. 2Q Highlights: Reported strong net cash flow from operations Generated record free cash flow Ended the quarter with approximately $200 million of cash Increased...
Centennial Resource Development First Quarter 2022 Results
Centennial Resource Development, Inc. announced first quarter 2022 financial and operational results. Highlights: Generated record free cash flow1 of $89 million Fully repaid all borrowings under the credit facility Delivered strong well results Reduced leverage1 for...
Permian E&P to Ramp Up Drilling Over 100% for 2022; 50 Completions
Centennial Resource Development outlined its 2022 capital plan and guidance. 2022 Plan - Capex: $365-425 million - up 23% vs. 2021 D&C: $350-400 million Infrastructure, Land, ESG & Other: $15-25 million - Rigs Running: 2 rigs...
Centennial Resource Development Fourth Quarter, Full Year 2021 Results
Centennial Resource Development, Inc. announced the establishment of a share repurchase program and its 2021 financial and operational results. Shareholder Return Program Announced $350 million stock repurchase program Supported by robust two-year outlook and resilient through...
Centennial Resource Development Third Quarter 2021 Results
Centennial Resource Development, Inc. announced third quarter 2021 financial and operational results. Recent Financial and Operational Highlights: Generated record free cash flow, a 126% increase compared to the prior quarter Repaid $50 million in borrowings under...
Centennial Resource Development Second Quarter 2021 Results
Centennial Resource Development, Inc. announced second quarter 2021 financial and operational results. Recent Financial and Operational Highlights: Generated Company record free cash flow and reduced total debt outstanding Improved leverage metrics significantly quarter-over-quarter Increased daily crude...
Centennial Resource Development Details Changes to Board
Centennial Resource Development, Inc. announced that Vidisha Prasad has been appointed to its Board of Directors, effective immediately. Ms. Prasad will serve as a member of the Audit Committee and Nominating, Environmental, Social and Governance Committee....
Centennial Resource Development First Quarter 2021 Results
Centennial Resource Development, Inc. announced first quarter 2021 financial and operational results. Recent Financial and Operational Highlights: Generated free cash flow for the third consecutive quarter Increased pro forma liquidity by 22% compared to year-end Issued...
Centennial Ramps Up Drilling 65% for 2021; Production to Fall 10% YOY
Centennial Resource Development, Inc. announced 2020 financial and operational results and 2021 operational plans and targets. 2021 Plan - Capex: $260-310 million - up 12% at the midpoint vs. 2020 levels of $255MM D&C: $350-290 million...
Centennial Resource Development Third Quarter 2020 Results
Centennial Resource Development, Inc. reported its Q3 2020 results. Highlights: Generated free cash flow during the quarter Reduced LOE per unit costs for the fourth consecutive quarter Lowered well cost targets and full-year unit cost guidance...
Centennial's Borrowing Base Reaffirmed at $700 Million
Centennial Resource Development's bank group, led by JPMorgan Chase Bank, N.A., has reaffirmed the Company's $700 million borrowing base. As a result, given a reduction in revolver borrowings and outstanding letters of credit, Centennial's liquidity position...
Centennial Resource Development Second Quarter 2020 Results
Centennial Resource Development, Inc. reported its Q2 2020 results. Q2 Highlights: Reduced capital expenditures by 84% from the first quarter 2020 Reduced year-to-date average well costs by over 20% compared to 2019 Reduced LOE per unit...
Centennial Finalizes $450MM Debt Swap Transaction
Centennial Resource Development Inc. has finalized a ~$450 million debt swap transaction. Centennial offered to all eligible holders to exchange any and all of their outstanding 5.375% Senior Notes due 2026 and 6.875% Senior Notes due...
DEAL CANCELLED: PE-Backed Company Walks Away From $225 Million Water Deal
Centennial Resource Development's sale of saltwater disposal wells and associated produced water infrastructure located primarily in Reeves County, Texas to a subsidiary of WaterBridge Resources LLC has been terminated. This cancellation occurred after WaterBridge failed to...