PNRG

PrimeEnergy Resources Corporation operates as an independent oil and natural gas exploration and production company in the United States. Headquartered in Houston, Texas, the company acquires, develops, and produces oil and natural gas properties primarily in Oklahoma, Texas, West Virginia, and Wyoming. PrimeEnergy conducts operations through two main business segments: exploration and production of oil and natural gas, and oilfield services and equipment sales through its subsidiary, Southwest Oilfield Construction Company. The company manages a diversified portfolio of producing properties and undeveloped acreage, focusing on conventional reservoirs in established hydrocarbon basins. PrimeEnergy's business model emphasizes controlled growth through strategic property acquisitions, development drilling on existing leases, and workover operations to enhance production from mature fields. The company also generates revenue from its oilfield services division, which provides well servicing, contract drilling, and equipment sales to third-party operators. As a smaller independent operator, PrimeEnergy maintains operational flexibility while targeting opportunities in areas with established infrastructure and known geology. The company's operations concentrate on lower-risk development projects rather than extensive exploratory drilling, allowing it to manage capital expenditures efficiently. PrimeEnergy trades on NASDAQ under the ticker symbol PNRG and has maintained its focus on operational efficiency and selective asset development in response to commodity price cycles.