PrimeEnergy Resources Corporation Appoints Withum Smith+Brown as Independent Registered Public Accounting Firm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 28 2025
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Source: NASDAQ.COM
Appointment of New Accounting Firm: PrimeEnergy Resources Corporation has appointed Withum Smith+Brown, PC as its independent registered public accounting firm, effective June 27, 2025, following a recommendation from the Audit Committee and approval by the Board of Directors.
Company Overview: PrimeEnergy is an independent oil and natural gas company focused on hydrocarbon activities primarily in Texas, trading on NASDAQ under the symbol PNRG.
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Analyst Views on PNRG
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.
Robert De Rothschild Sells 10% Stake in PrimeEnergy Resources
- Share Sale: On January 13, 2026, Robert De Rothschild sold 8,700 shares of PrimeEnergy Resources (PNPREMIUM), indicating a potential decrease in confidence regarding the company's future, prompting investors to monitor subsequent developments closely.
- Ownership Change: This transaction reduces De Rothschild's stake to 10%, which may impact market confidence in PrimeEnergy, especially amid current volatility in the energy sector.
- Market Reaction: The market may react negatively to this share sale, necessitating close attention to PrimeEnergy's stock price movements and subsequent financial performance to assess potential risks.
- Strategic Implications: De Rothschild's change in ownership may reflect a reassessment of PrimeEnergy's future strategic direction, leading investors to consider the implications of this shift on the company's long-term growth prospects.
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