Oliver Home's questions to Permian Resources Corp (PR) leadership • Q1 2025
Question
Oliver Home asked for details on the working interest of the acquired operated locations and how well costs in the Parkway area compare to the company average. He also questioned if a similar production optimization opportunity exists on the acquired assets.
Answer
Hays Mabry, an executive, responded that the initial working interest is lower at around 50%, but the company is confident it can increase this to over 75% through trades and buyouts. He noted costs in Parkway are roughly $100 per foot cheaper than the company average. Unlike prior deals, a significant production uplift from artificial lift changes is not expected, as the previous operator's practices were similar.