Permian Resources Corporation revised production guidance for the year 2024. The company increased its 2024 oil production target by 6.5 MBbls/d to 158.5 MBbls/d and raised its total production target by 16.0 MBoe/d to 341.0 MBoe/d, based on the mid-point of guidance. The majority of the increase in full year production guidance is driven by continued strong well performance and operational efficiencies, with the balance coming from the recently closed Barilla Draw acquisition.

The Company is also adjusting the expected number of turn-in-lines (?TILs?) for 2024 to approximately 270 gross wells, as a result of faster cycle times. There are no other changes to the Company?s guidance ranges.