Enverus Home docFinder M&A Learn More Videos About Us Contact Us Register

Log In

Username (email)

Password

Remember Me Forgot Password?

or Sign Up Now!

New Search* Back to Results
Note: Only one slide is currently available because you are not currently logged in.

Permian Resources | 2024 Portfolio Optimization Update Presentation | Will Hickey; James Walter | Page 4 of 11 | April 27, 2024

Save Email Print View in Results

toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "2024 Portfolio Optimization Update Presentation" View Full Document		× Search Selection Search by Text Search Search by Slide Search Cross reference your docFinder results against PLS' extensive news archives. For demo or training contact Melwyn Oommen, melwyn.oommen@drillinginfo.com
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See Legal Disclaimer.

First Previous Zoom Next Last

Two Recent Acquisitions Add High-Quality Acreage Offset Core Position In Eddy County 3 Eddy County Acquired Acreage Map Legacy PR Acreage Legacy ESTE Acreage Acquired ~11,500 net acres and ~4,000 net royalty acres in Eddy County through two separate transactions for a total consideration of ~$175 MM • Acquired acreage creates a large, operated position contiguous with legacy Earthstone’s West Eddy asset and offset legacy PR’s Parkway asset • Purchased at attractive valuation of ~$10k per net acre 1 • Position is predominantly undeveloped acreage, configured for two-mile development • Adds >100 gross operated locations with high NRIs that immediately compete for capital in existing portfolio • Low-cost operating area with shallow target intervals and low water cuts, enhancing capital efficiency • Expect to begin development on newly acquired acreage in 2024 Eddy Acquired Acreage Since closing Earthstone on November 1 st , Permian Resources has executed two sizeable acquisitions, building additional scale around its core operating area in Eddy County Combined Transaction Summary Consideration 2 ~$175 MM Net Leasehold Acres ~11,500 8/8 ths NRI ~80% Net Royalty Acres ~4,000 (1) Adjusted for production value of ~1 MBoe/d at ~$40,000 per flowing Boe (2) ~$100 MM transaction closed in Q4’23 and ~$75 MM transaction scheduled to close in Q1’24