Permian Resources (PR) Announces Portfolio Optimization

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Go back to Permian Resources (PR) Announces Portfolio Optimization

Permian Resources Announces Portfolio Optimization Transactions

January 30, 2024 7:05 AM EST

MIDLAND, Texas--(BUSINESS WIRE)-- Permian Resources Corporation (Permian Resources or the Company) (NYSE: PR) today 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.

Since closing the Earthstone transaction, Permian Resources has added 14,000 net acres and 5,300 net royalty acres located in the core of the Delaware Basin at attractive valuations, said James Walter, Co-CEO of Permian Resources. As a result of our portfolio management efforts over the past year, Permian Resources has more than replaced the approximately 150 wells... More