Permian Resources Corp. engages in the exploration and production of oil and natural gas. The company is headquartered in Midland, Texas and currently employs 482 full-time employees. The company went IPO on 2016-03-02. The firm is focused on the acquisition, optimization and development of oil and natural gas properties. The firm's assets and operations are concentrated in the core of the Delaware Basin. Its position consists of approximately 450,000 net leasehold acres and over 88,000 net royalty acres across the Permian Basin. The majority of its assets are concentrated within the Delaware Basin in Eddy and Lea Counties, New Mexico and Reeves and Ward Counties, Texas.