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

6/16/25 4:05:00 PM ET

$APA

$PR

Oil & Gas Production

Energy

Oil & Gas Production

Energy

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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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250616732879/en/

Hays Mabry – Vice President, Investor Relations

(432) 315-0114

[email protected]

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Recent Analyst Ratings for

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Company	Date	Price Target	Rating	Analyst
APA Corporation $APA	3/10/2025	$45.00 → $32.00	Strong Buy → Outperform	Raymond James
Permian Resources Corporation $PR	3/5/2025	$17.00 → $20.00	Neutral → Positive	Susquehanna
Permian Resources Corporation $PR	1/10/2025	$19.00	Overweight	Morgan Stanley
APA Corporation $APA	12/17/2024	$42.00 → $25.00	Overweight → Equal Weight	Wells Fargo
Permian Resources Corporation $PR	9/30/2024	$19.00	Buy	Goldman
Permian Resources Corporation $PR	7/18/2024		Peer Perform	Wolfe Research
APA Corporation $APA	7/18/2024	$42.00	Outperform	Wolfe Research
Permian Resources Corporation $PR	7/3/2024	$21.00	Market Perform → Outperform	BMO Capital Markets

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

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