- Permian Resources Corporation has announced the closing of its acquisition of leasehold and royalty interests in Eddy and Lea Counties, New Mexico from APA Corporation. - The company is headquartered in Midland, Texas, and focuses on acquiring, optimizing, and developing oil and natural gas properties. - Permian Resources holds approximately 450,000 net acres in West Texas and Southeast New Mexico, making it the second largest pure-play exploration and production company in the Permian Basin. - The acquisition is part of the company's strategy to drive peer-leading returns within the Delaware Basin.

Permian Resources Announces Closing of Bolt-On Acquisition of Core Delaware Basin Assets

Jun 16, 2025 4:05 PM Eastern Daylight Time

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the closing of its previously announced acquisition of certain leasehold and royalty interests located in Eddy and Lea Counties, New Mexico from APA Corporation (Nasdaq: APA).

About Permian Resources

Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on driving peer-leading returns through the acquisition, optimization and development of high-return oil and natural gas properties. The Company's assets are located in the Permian Basin, with a concentration in the core of the Delaware Basin. Through its approximately 450,000 net acres in West Texas and Southeast New Mexico, Permian Resources is the second largest Permian Basin pure-play E&P. For more information, please visit www.permianres.com.


Contacts

Hays Mabry – Vice President, Investor Relations
(432) 315-0114
ir@permianres.com