What mineral owners need to know about this Delaware Basin pure-play operator.
Get Your Free Mineral ValuationRoyalties from Permian Resources may arrive under any of these payor names — subsidiaries, operating companies, or acquired/legacy operators. If a name on your check stub or 1099 matches one below, this is your operator:
Formed from the 2022 Centennial + Colgate merger; acquired Earthstone (2023).
Buckhead Energy is an independent mineral & royalty buyer and is not affiliated with, endorsed by, or representing the operators named here. Names are listed only to help owners identify their payor.
Headquarters: Midland, Texas
Stock Ticker: NYSE: PR
Company Type: Independent E&P (Delaware Pure-Play)
Primary Basin: Delaware Basin only
Formed: 2022 (Centennial-Colgate merger)
Status: Leading Delaware Basin operator
Permian Resources is one of the largest pure-play Delaware Basin operators, formed through the 2022 merger of Centennial Resource Development and Colgate Energy. The company focuses exclusively on developing the oil-rich Wolfcamp and Bone Spring formations in the Delaware Basin.
Headquartered in Midland, Texas, Permian Resources maintains a strong local presence in the heart of the Permian Basin. Their pure-play Delaware focus means all resources and expertise are concentrated on one of America's most prolific oil-producing areas.
Permian Resources was created through the merger of Centennial Resource Development and Colgate Energy in 2022. If you previously received royalties from either company, your payments now come from Permian Resources. Your lease terms remain unchanged, though you may have a new owner number.
Permian Resources operates exclusively in the Delaware Basin. Key counties include:
Reeves County, TX - Core Delaware operations
Pecos County, TX - Western Delaware Basin
Ward County, TX - Delaware Basin
Loving County, TX - Northern Delaware
Lea County, NM - New Mexico Delaware
Eddy County, NM - New Mexico operations
The company targets multiple stacked pay zones including the Wolfcamp A, B, and C benches, as well as the Bone Spring formations.
Delaware focus: 100% dedicated to Delaware Basin development
Midland headquarters: Local presence and expertise
Active drilling: Consistent development programs
Multi-zone development: Targeting multiple pay zones per location
Merger transition: Former Centennial/Colgate owners may have experienced changes
Relatively new company: Systems still being standardized
Single basin: Concentrated geographic exposure
Phone: 1-432-221-7530
Location: Midland, Texas
Mail: Permian Resources Corporation, 300 N. Marienfeld St., Suite 1000, Midland, TX 79701
Permian Resources is a Delaware Basin-focused oil and gas company formed through the 2022 merger of Centennial Resource Development and Colgate Energy. They are one of the largest pure-play Delaware Basin operators.
Centennial Resource Development and Colgate Energy merged to form Permian Resources in 2022. If you received royalties from either company, your payments now come from Permian Resources. Your lease terms remain unchanged.
Permian Resources operates exclusively in the Delaware Basin portion of the Permian Basin, primarily in Reeves, Pecos, Ward, and Loving counties in West Texas, and Lea and Eddy counties in New Mexico.
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