Oliver Wang's questions to Permian Resources Corp (PR) leadership • Q4 2024
Question
Oliver Wang of TPH&Co. asked for details on the non-D&C portion of the 2025 budget, specifically the magnitude of non-operated CapEx. He also requested an update on the company's progress in optimizing its natural gas netbacks and realizations.
Answer
Executive Hays Mabry clarified that non-operated spending is minimal, accounting for less than $50 million per year. Regarding gas marketing, he stated that while it's a priority, significant changes to gas realizations are more likely in 2026 and beyond as the company pursues longer-term contracts to access markets beyond Waha. He noted more immediate progress has been made on crude oil realizations.