Permian Resources Corp. is an oil and natural gas company, which focuses on returns to stakeholders through the responsible acquisition, optimization and development of crude oil and associated liquids-rich natural gas reserves. The company is headquartered in Midland, Texas and currently employs 515 full-time employees. The company went IPO on 2016-03-02. The firm is focused on the acquisition, optimization and development of oil and natural gas properties. The firm's assets and operations are primarily concentrated in the core of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico. Its position consists of approximately 475,000 net acres in West Texas and Southeast New Mexico. The majority of its assets are concentrated within the Delaware Basin in Eddy and Lea Counties, New Mexico and Reeves and Ward Counties, Texas.
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