Permian Resources Q3 Oil/Gas Sales Up 48% Y-o-Y


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Permian Resources Corp. reported on Wednesday (11/4) 
oil and gas sales of $1.96 billion for the third quarter, up 48% year-on-year 
as higher Delaware Basin production helped drive $846 million in adjusted free 
cash flow.

Total net production averaged 457,528 barrels of oil equivalent per day 
(BOE/d), an 11.5% increase year-over-year, led by strong well performance 
across stacked-pay Wolfcamp and Bone Spring formations. Average daily crude oil 
production reached 208,029 bpd during the third quarter.Total crude oil output 
reached 19.139 million barrels (MBbls), up from 17.198 MBbls in Q3 2025.NGL 
production rose to 10.885 MBbls, compared to 9.736 MBbls in the prior-year 
period.Controllable cash costs dropped to a company-record low of $7.05 per 
BOE, reflecting operating cost efficiencies across its West Texas and New 
Mexico acreage.Total cash capital expenditures for the third quarter totaled 
$518 million, remaining flat quarter-over-quarter.Permian Resources raised its 
full-year 2026 operational and financial guidance, citing higher capital 
efficiency, operational uptime, and strong well performance across its Delaware 
Basin acreage.The company also expanded its core inventory footprint during the 
quarter via $1.15 billion in targeted bolt-on acquisitions, including assets 
from Ridge Runner Resources II.


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