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    Oliver Wang

    Vice President and Equity Research Analyst at TPH&Co.

    Oliver Wang is a Vice President and Equity Research Analyst at TPH&Co., focusing on the energy sector with detailed coverage of upstream and exploration and production (E&P) companies. He has provided research and performance analyses on firms such as ConocoPhillips, Devon Energy, Pioneer Natural Resources, and others, with a strong track record of actionable industry insights and investment returns recognized by institutional clients. Wang began his financial career after graduating with a degree in finance, holding analyst positions in other boutique investment firms before joining TPH&Co. in 2022. He maintains FINRA Series 7, 63, and 86/87 licenses, upholding high standards for professional conduct in equity research.

    Oliver Wang's questions to Permian Resources (PR) leadership

    Oliver Wang's questions to Permian Resources (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.

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