Permian Resources has drilled 103 wells year-to-date, with 93 wells concentrated in the Delaware Basin led by activity in Eddy, Reeves, and Lea counties. The company continues to improve operational efficiency through faster drilling speeds, longer laterals, lower drilling costs, and increased water recycling utilization.
Permian Resources is executing a highly efficient, multi-pad Wolfcamp development strategy in the Delaware Basin, combining lower drilling costs (~$7.25/ft), optimized completions, and stacked co-development to maximize capital efficiency. Real-world cadence data confirms a tightly coordinated cycle from permitting to production, with fast drilling timelines, phased pad development, and rapid facility deployment.
Permian Resources is using AI and large language models to rapidly process proprietary drilling and subsurface data in Eddy County, giving the company a faster decision-making advantage in identifying new drilling opportunities and expanding play boundaries. In 2026, the company drilled 34 wells across 18 well pads in Eddy County using primarily Helmerich & Payne rigs, targeting multiple Delaware Basin fields including Avalon, Gatuna Canyon, Winchester, and Cedar Hills.
Permian Resources continues to tighten its grip on the Delaware Basin, and this week’s air permit transfers in Reeves County offer another clear signal: the company is consolidating acreage, streamlining facility ownership, and preparing for a larger-scale development program in 2025 and beyond.
That blunt assessment came from William Hickey, Co-CEO of Permian Resources Corporation (PR), during the company’s Q3 2025 earnings call. The comment wasn’t a complaint — it was context for one of the most innovative operational upgrades underway in the Delaware Basin: the transition from scattered well-site generators to centralized microgrids.
Here are the top five things Permian Resources is concentrating on for the balance of the year
Permian Resources Corp. (PR) has announced a $608 million bolt-on acquisition from APA Corp., enhancing its footprint in New Mexico’s northern Delaware Basin. The deal adds ~13,320 net acres and 8,700 net royalty acres to PR’s core position in Eddy County, boosting near-term production and providing long-term development upside.
In a year marked by falling oil prices and industry-wide cutbacks, Permian Resources has emerged as a rare success story. While many oil and gas giants slipped in the Forbes Global 2000 rankings amid a 15% drop in crude prices and rig reductions across the U.S., this young, fast-growing operator made its debut at No. 1762. Led by co-CEOs Will Hickey and James Walter—both under 40—Permian Resources has quickly become the largest pure-play producer in the Delaware Basin, proving that bold strategy and disciplined execution still win in a volatile market.
Permian Resources (NYSE: PR), based in Midland, TX, is doubling down on its position in the Permian Basin with a $608 million acquisition of prime acreage in southeast New Mexico from APA Corp (parent of Apache).
Permian Resources Corporation (NYSE: PR) has emerged as a formidable force in the U.S. oil and gas sector, with its strategic focus on the prolific Delaware Basin positioning it for sustained growth. Headquartered in Midland, Texas, the company controls over 400,000 net acres in one of North America’s most sought-after energy regions. Through a series of well-executed acquisitions and operational efficiencies, Permian Resources has demonstrated its commitment to value creation for shareholders, achieving impressive financial results and solidifying its competitive position.
