Permian Resources Corporation, formerly Centennial Resource Development, Inc., is an independent oil and natural gas company. The Company is focused on the acquisition, optimization, and development of high-return oil and natural gas properties. The Company’s operations are located in the Permian Basin, with a concentration in the core of the Delaware Basin. The Company operates an eight-rig drilling program. The Company's assets are concentrated in Reeves and Ward Counties, Texas, and Eddy and Lea Counties, New Mexico, consisting of approximately 180,000 net leasehold acres and 40,000 net royalty acres.