Permian Resources: Strong Capital Efficiency Leads To Positive Production Guidance Revisions
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Permian Resources has revised its 2024 oil production guidance upwards by 8% due to improved capital efficiency and strong well results. The company plans to turn-in-line 270 gross wells, up from the original 250, while maintaining its capex budget.
February 01, 2025 | 4:15 am
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Permian Resources has increased its 2024 oil production guidance by 8% due to improved capital efficiency and strong well results. The company plans to turn-in-line 270 gross wells, up from the original 250, while keeping its capex budget unchanged.
The upward revision in production guidance by 8% is a positive indicator for Permian Resources, suggesting improved operational efficiency and potential for increased revenue. The unchanged capex budget indicates effective cost management, which is favorable for investors.
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