Permian Resources Corporation
Permian Resources Appoints New Chief Accounting Officer
Summary
Permian Resources Corporation announced the appointment of Robert R. Shannon as Executive Vice President and Chief Accounting Officer, effective May 31, 2024. Shannon replaces Brent P. Jensen, who is retiring. Shannon has over a decade of experience in the upstream energy sector and holds advanced degrees from the University of Texas at Austin. His base salary is $380,000, and he is eligible for participation in the company's incentive and long-term incentive plans. Jensen's employment will officially end on June 7, 2024.
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About Permian Resources Corporation
Permian Resources Corporation is an energy company focused on the exploration, development, and production of oil and natural gas. Operating primarily in the prolific Permian Basin, a region known for its abundant energy reserves and efficient extraction capabilities, the company plays a significant role in the U.S. energy sector. Permian Resources Corporation employs advanced drilling and completion techniques to maximize output and ensure sustainable resource management. The company's operations significantly contribute to the supply chain of oil and gas, impacting industries ranging from transportation to manufacturing. By implementing innovative technologies and maintaining a keen focus on environmental stewardship, the company strives to optimize its production while adhering to regulatory standards. In the financial market, Permian Resources Corporation is a key player in the oil and gas industry, providing investors with exposure to the energy market's fluctuations. The company’s strategic focus on operational efficiency and its position within one of the nation's most critical oil fields underscore its importance in meeting domestic energy demands and shaping energy policy discussions.
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