Detail akcie Primeenergy Corp online

Business Summary: 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. It operates approximately 534 active wells and owns non-operating interests and royalties in approximately 952 additional wells. It maintains an acreage position of approximately 16,407 gross (9,341 net) acres in the Permian Basin in West Texas, primarily in Reagan, Upton, Martin and Midland counties. It has over 511 producing wells in the Mid-Continent area, of which 128 wells are operated by the Company.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Primeenergy Resources Corp revenues increased from $52.3M to $107.2M. Net income increased from $11.5M to $31.1M. Revenues reflect Crude Oil Production, Total increase from 490K to 1.1M barrels, Oil sales increase from $35.5M to $89.5M, Natural gas liquids increase of 88% to $9.7M. Net income benefited from Accretion of discount on asset retiremen decrease of 7% to $342K (expense).