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BRN vs PR

Barnwell Industries, Inc. and Permian Resources Corporation

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Barnwell Industries, Inc.

Barnwell Industries, Inc., together with its subsidiaries, acquires and develops crude oil and natural gas assets in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company produces and sells oil, natural gas, and natural gas liquids; owns interest in land developments; owns and operates threes water well drilling rigs, two pump rigs, and other ancillary drilling and pump equipment; and drills water and water monitoring wells of varying depths. It also installs and repairs water pumping systems; and distributes pumps and equipment. The company was incorporated in 1956 and is headquartered in Honolulu, Hawaii.

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Permian Resources Corporation

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and associated liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in Reeves County in West Texas and Lea County in New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.

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