Primeenergy Resources Corp. PNRG

What this company does

PrimeEnergy Resources Corporation is an independent oil and natural gas company that acquires, develops, and produces oil and natural gas. It derives its revenue and cash flow principally from the sale of oil, natural gas and NGLs, which it sells on the open market at prevailing market prices or through forward delivery contracts. It presently owns producing and non-producing properties located primarily in Texas and Oklahoma, with all of its oil and gas properties and interests located in the United States. At December 31, 2025, it had 67 full-time employees, 25 of whom were employed at its principal offices in Houston, Texas, and 42 who were primarily involved in district operations in Midland, Texas and Elmore City and Oklahoma City, Oklahoma. The Company sells its oil and gas production to a number of direct purchasers under direct contracts or through other operators under joint operating agreements, and in 2025 DE Central Operating, LLC accounted for 53% of its oil sales and 40% of its natural gas and liquids sales. Through its subsidiaries Prime Operating Company and EOWS Midland Company, it acts as operator and provides well-servicing support operations for many of the onshore oil and gas wells it operates, as well as for third parties. PrimeEnergy Resources Corporation was organized in March 1973, under the laws of the State of Delaware.

Written from the business description in PrimeEnergy Resources Corporation's annual report to the U.S. Securities and Exchange Commission, filed 16 April 2026. Every sentence was checked against that document before publication.