Permian Resources Operating LLC, founded in 2017 and based in Midland, Texas, is dedicated to the exploration and production of oil and natural gas in the Permian Basin. The company focuses on leveraging advanced technologies and efficient drilling practices to optimize resource extraction and deliver sustainable energy solutions.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Permian Resources has actively participated in the bond market, issuing its first bonds in early 2021 to fund expansion initiatives. Notably, in late 2022, the company successfully issued $500 million in senior unsecured notes due 2030, reflecting strong investor confidence and a yield competitive within the industry. This issuance aimed to refinance existing debt and support ongoing capital projects, while current yields remain attractive compared to peers, highlighting Permian Resources' solid financial positioning amid evolving market conditions.