Corporate Analysis:
Permian Resources Q2 2026

Permian Resources continues to build scale as the largest publicly traded pure-play Delaware Basin operator, combining organic growth with an active acquisition and acreage optimization strategy. Year-to-date in 2026, the company has completed approximately $1.05 billion of net acreage additions across 190 transactions, adding 54,000 net acres and expanding its Delaware position by 11% to approximately 535,000 net acres. Novi now models more than 7,500 base-case Delaware locations, representing over 24 years of inventory at the implied 2026 drilling cadence, with a median NPV25 oil breakeven of $48.36/bbl.

This Q2 2026 Corporate Note examines how PR’s ground game is translating into inventory duration, operating efficiency and capital allocation flexibility.

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