Permian Resources Corporation · NYSE:PR
Permian Resources — Merger or Acquisition (July 2024)
5 slides from Permian Resources's merger presentation, Jul 29, 2024
Slide 1: Core Delaware Basin Bolt-On
July 29, 2024 Core Delaware Basin Bolt-On
Slide 2: Important Information
Important Information Forward-Looking Statements The information in this presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than stat
Slide 3: Growing Core Texas Delaware Position
Growing Core Texas Delaware Position Acquired Acreage Locator Map Acquisition Overview • Purchase price of $817.5 million; conservatively financed through combination of equity and debt • ~29,500 net acres and ~9,900 net royalty acres (“NRAs”) concentrated in the core of the Texas Delaware Basin dir
Slide 4: Barilla Draw Exhibits Strong Industrial Logic in PR's Portfolio
Barilla Draw Exhibits Strong Industrial Logic in PR’s Portfolio 1 Blocky Bolt-On Directly Offset Existing Assets Barilla Draw Acreage Map (Texas) • Acreage well-situated for highly economic, long-lateral development • Proximity to PR acreage enables seamless integration, driving meaningful operation
Slide 5: Acquisition Meets and Exceeds All Investment Criteria
Acquisition Meets and Exceeds All Investment Criteria Disciplined acquisition strategy • Attractive valuation relative to recent private transactions and public Permian multiples • Accretive to all key metrics including: Accretive to key metrics – Cash flow per share – Free cash flow per share – N
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