HighGravityDataPermian Resources — Feb 25, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001658566-25-000008
Showing in the filing
Estimated average realized revenue from natural gas relative to Waha Hub pricing
“approximately $0.30 to $0.50 per Mcf less than Waha Hub pricing”
Period
FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 35
Annual oil and total production growth for FY2025
“~8%”
Total cash capital expenditure budget for FY2025
“$1.9 to $2.1 billion”
Total controllable cash costs for FY2025
“$7.25 to $8.25 per Boe”
Capital budget versus 2024 for FY2025
“approximately $2 billion capital budget”
Crude oil and total average production for FY2025
“170 to 175 MBbls/d and 360 to 380 MBoe/d”
Crude oil average production for FY2025
“170 to 175 MBbls/d”
Total average production for FY2025
“360 to 380 MBoe/d”
Cash capex allocation to drilling and comple… for FY2025
“approximately 80%”
Cash capex allocation to facilities, infrast… for FY2025
“20%”
Turn-in-line (TIL) wells for FY2025
“approximately 285 gross wells, with an average working interest of approximately 75% and 8/8ths net revenue interest of approximately 79%”
Turn-in-line gross wells (TILs) for FY2025
“approximately 285”
Average working interest for FY2025
“approximately 75%”
8/8ths net revenue interest for FY2025
“approximately 79%”
Average completed lateral length for FY2025
“approximately 10,000 feet”
D&C costs per foot reduction for FY2025
“approximately 8% reduction”
Operating activity allocation - New Mexico for FY2025
“approximately 65%”
Operating activity allocation - Texas Delawa… for FY2025
“approximately 30%”
Lease operating expenses (LOE) component of … for FY2025
“approximately $5.55 per Boe”
Gathering, processing and transportation (GP… for FY2025
“$1.30 per Boe”
Cash G&A component of controllable cash costs for FY2025
“$0.90 per Boe”
Oil realizations for FY2025
“98% to 100% of WTI”
Oil realizations as percentage of WTI for FY2025
“98% to 100% of WTI”
Estimated average realized revenue from natu… for FY2025
“approximately $0.30 to $0.50 per Mcf less than Waha Hub pricing”
Estimated NGL price (% of WTI) for FY2025
“approximately 27% to 30% of WTI”
NGL realizations as percentage of WTI for FY2025
“approximately 27% to 30% of WTI”
Base dividend for Q1 FY2025
“$0.15 per share of Class A common stock, or $0.60 per share on an annualized basis”
Annualized base dividend
“$0.60 per share”
Net average daily production (Boe/d) for FY2025
“360,000 — 380,000”
Net average daily oil production (Bbls/d) for FY2025
“170,000 — 175,000”
Lease operating expenses ($/Boe) for FY2025
“~$5.55”
Gathering, processing and transportation exp… for FY2025
“~$1.30”
Cash general and administrative ($/Boe) for FY2025
“~$0.90”
Severance and ad valorem taxes (% of revenue) for FY2025
“6.5% — 8.5%”
Total cash capital expenditure program ($MM) for FY2025
“$1,900 — $2,100”
Operated drilling program TILs (gross) for FY2025
“~285”
Exhibit 99.1 · the passage around this item
… earlier in the release
Specifically, controllable cash costs consist of approximately $5.55 per Boe for LOE, $1.30 per Boe for GP&T expense and $0.90 per Boe for cash G&A. The Company expects its oil realizations to average 98% to 100% of WTI during 2025. Permian Resources estimates its average realized revenue from natural gas to be approximately $0.30 to $0.50 per Mcf less than Waha Hub pricing and its NGLs to be approximately 27% to 30% of WTI. (For a detailed table summarizing Permian Resources’ 2025 operational and financial guidance, please see the Appendix of this press release.) Shareholder Returns Permian Resources announced today that its Board of Directors (the “Board”) declared the Company’s first quarter 2025 base dividend of $0.15 per share of Class A common stock, or $0.60 per share on an annualized basis. The base dividend is payable on March 31, 2025 to shareholders of record as of March 17, 2025. The Company’s base dividend represents an annualized yield of 4.3% as of February 24, 2025. Year-End 2024 Proved Reserves Permian Resources reported year-end 2024 total proved reserves of 1,027 MMBoe compared to 925 MMBoe at prior year-end. At year-end 2024, proved reserves consisted of 45% oil, 30% natural gas and 25% natural gas liquids. Proved developed reserves were 746 MMBoe (73% of total proved reserves) at December 31, 2024. Netherland Sewell & Associates, Inc., an independent reserve engineering firm, prepared Permian Resources’ year-end reserves estimates for the year ended December 31, 2024. Recent Events During the first quarter of 2025, Permian Resour
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.