Permian Resources

Permian Resources (PR), an oil and gas producer whose acreage is concentrated in the core of the Delaware Basin, on the West Texas and New Mexico sides of the Permian. It drills its own wells, sells the crude and gas, and keeps buying neighbouring acreage. It was assembled in 2022 from Centennial Resource Development and Colgate Energy. PR here is a Robinhood Stock Token from Robinhood Assets (Jersey) Limited, backed by Permian Resources shares held at Alpaca Securities; dividends are reinvested into more shares and show up as a rising multiplier on the token balance.