PR

Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas exploration and production company founded in 2015 and headquartered in Midland, Texas. Originally incorporated as Centennial Resource Development, Inc., the company rebranded to its current name in September 2022. The company went public in April 2016 and has since grown through strategic acquisitions and operational improvements to become a significant player in the Permian Basin, one of America's most prolific oil-producing regions. Permian Resources focuses exclusively on developing crude oil and natural gas liquids reserves in the Delaware Basin, a sub-basin of the larger Permian Basin spanning West Texas and southeastern New Mexico.