PrimeEnergy Resources Corporation (PNRG) Announces Yearend Production and Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 15 2025
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Source: Newsfilter
Production and Revenue Growth: PrimeEnergy reported significant increases in oil production (123.43% rise) and total oil & gas revenue (107.01% increase) for the year ending December 31, 2024, compared to 2023, with net income also rising substantially.
Forward-Looking Statements: The report includes forward-looking statements that highlight management's expectations and potential risks affecting future performance, emphasizing uncertainties related to oil and gas operations and market volatility.
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About PNRG
PrimeEnergy Resources Corporation is an independent oil and natural gas company engaged in acquiring, developing, and producing oil and natural gas. The Company owns leasehold, mineral and royalty interests in producing and non-producing oil and gas properties across the United States, primarily in Oklahoma and Texas. Through its subsidiaries Prime Operating Company, Eastern Oil Well Service Company, and EOWS Midland Company, it acts as operator and provides well-servicing support operations for many of the onshore oil and gas wells it operates, as well as for third parties. The Company operates approximately 507 active wells and owns non-operating interests and royalties in approximately 1054 additional wells. Additionally, the Company provides well-servicing support operations, site-preparation and construction services for oil and gas drilling and reworking operations, both in connection with the Company’s activities and providing contract services to third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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