Permian Resources has spent the last several years building scale through transactions, but the company is now being judged just as much on operational execution. KeyBanc’s April 2026 initiation argued that Permian Resources has become a largely Delaware Basin-focused operator with a stronger-than-expected mix of guidance delivery, low leverage, cost control, and active M&A and ground game execution.
That makes the acreage map more than a footprint visual. It shows why the company is increasingly being viewed as a Delaware story first. Permian Resources holds about 480,000 net acres and 105,000 net royalty acres, mostly in the Delaware Basin, and runs nine of its eleven rigs in the New Mexico Delaware while currently running none on its Midland Basin acreage.
The drilling side of the story is becoming more visible too. Since 2023, Permian Resources has expanded beyond its earlier concentration in Third Bone Spring, Second Bone Spring, and Wolfcamp A Upper into additional landing zones including Wolfcamp B Lower/Upper, First Bone Spring, and Wolfcamp A Lower. At the same time, longer laterals have become more common, with 38 wells longer than 14,000 ft brought online in 2025.
Why it matters
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Permian Resources is increasingly a Delaware Basin-focused operator, not a balanced Delaware-Midland story.
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The company’s value proposition now rests on both deal execution and drilling execution.
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Its Midland position remains comparatively muted, while Delaware activity and capital intensity are much clearer.
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The acreage map helps explain why investors are focusing on PR’s Delaware concentration, inventory building, and operational follow-through.
What the map shows
A Delaware Basin-focused acreage view of Permian Resources’ core position.
PR acreage footprint
Delaware Basin concentration
County-level context across the core position
A visual of how concentrated the company’s operated footprint is within the Delaware
A deeper dive with DataLink
Using Rextag Energy DataLink, users can:
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isolate Permian Resources’ acreage footprint in the Delaware Basin
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compare that footprint with broader basin geography and county context
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screen how concentrated the company’s position is relative to the Delaware core
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export internal-ready views for acreage, M&A, and operator footprint analysis
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