PNRG on Nasdaq

PRIMEENERGY RESOURCES CORP

American crude petroleum and natural gas company based in Wilmington2

In its 2026 annual report the company says: “We are an independent oil and natural gas company engaged in acquiring, developing, and producing oil and natural gas. We presently own producing and non-producing properties located primarily in Texas, and Oklahoma. Through our subsidiaries Prime Operating Company and EOWS Midland Company, we act as operator and provide well-servicing support operations for many of the onshore oil and gas wells we operate, as well as for third parties.”4 Its shares trade on Nasdaq under the symbol PNRG.2

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Last updated Oct 20, 2026.

Overview

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  • TickerPNRG on Nasdaq2
  • IndustryCrude Petroleum & Natural Gas2
  • HeadquartersWilmington, United States2
  • Incorporated inDE3
  • Business address9821 Katy Freeway, Suite 1050, Houston, Tx 770243
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI9QMD37QNHRX1B7685Y442
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 7900162

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PrimeEnergy Resources Corporation (the “Company”) was organized in March 1973, under the laws of the State of Delaware. We are an independent oil and natural gas company engaged in acquiring, developing, and producing oil and natural gas. We presently own producing and non-producing properties located primarily in Texas, and Oklahoma. All of our oil and gas properties and interests are located in the United States. Through our subsidiaries Prime Operating Company and EOWS Midland Company, we act as operator and provide well-servicing support operations for many of the onshore oil and gas wells we operate, as well as for third parties. We are also active in the acquisition of producing oil and gas properties through joint ventures with industry partners. In addition, we own a 12.5% overriding royalty interest in over 30,000 acres in the state of West Virginia. We are currently not receivi…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

13.9%Net margin5
-20.5%Revenue growth, 20255
12.2%Return on equity5
0.00×Debt to equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Oil Sales brought in 78% of the revenue PRIMEENERGY RESOURCES CORP broke down this way in fiscal 2025.

  1. Oil Sales$144.7M578%down 25% from 2024
  2. Natural Gas Liquid$25.3M514%down 3% from 2024
  3. Oil and Gas Service$8.4M55%down 23% from 2024
  4. Natural Gas, Production$7.5M54%up 126% from 2024
Products and services by year
Products and services20242025
Oil Sales$193.7M$144.7M
Natural Gas Liquid$26.0M$25.3M
Oil and Gas Service$10.9M$8.4M
Natural Gas, Production$3.3M$7.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue3¢$6.2M
  • Other costs81¢$152.4M
  • Income tax2¢$4.2M
  • Profit14¢$26.3M

Out of $189.1M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks14¢$13.6M
  • Kept or used elsewhere86¢$83.2M

Out of $96.7M of cash from operations.5

Financial statements

Revenue6789105$189.1M in 2025+80% since 2019
0$100.0M$200.0M$300.0M2019: $104.8M$104.8M20192020: $58.4M$58.4M2020−44%2021: $72.5M$72.5M2021+24%2022: $157.1M$157.1M2022+117%2023: $132.8M$132.8M2023−15%2024: $237.8M$237.8M2024+79%2025: $189.1M$189.1M2025−20%
Operating income678$59.7M in 2022+586% since 2019
-$20.0M0$20.0M$40.0M$60.0M2019: $8.7M$8.7M20192020: -$980.0K-$980.0K20202021: $5.0M$5.0M20212022: $59.7M$59.7M2022+1104%
Net income678105$26.3M in 2025+657% since 2019
-$20.0M0$20.0M$40.0M$60.0M2019: $3.5M$3.5M20192020: -$2.3M-$2.3M20202021: $2.1M$2.1M20212022: $48.7M$48.7M2022+2220%2023: $28.1M$28.1M2023−42%2024: $55.4M$55.4M2024+97%2025: $26.3M$26.3M2025−53%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Interest and other income, net$1.5M$184.0K
Gain on disposition of assets, net$1.6M$3.7M
Revenues$189.1M$237.8M
Oil and gas production$45.0M$47.7M
Production and Ad Valorem taxes$10.0M$12.1M
Field service$6.2M$9.1M
Depreciation, depletion and amortization$75.7M$76.5M
Accretion of discount on asset retirement obligations$1.0M$733.0K
General and administrative$18.4M$18.9M
Interest$2.2M$1.5M
Costs and Expenses$158.6M$166.6M
Income before income taxes$30.5M$71.2M
Income tax provision$4.2M$15.8M
Net income attributable to common stockholders$26.3M$55.4M
Basic (in dollars per share)$15.85$31.43
Diluted (in dollars per share)$10.86$21.95
Basic (in shares)1.7M shares1.8M shares
Diluted (in shares)2.4M shares2.5M shares

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Corporate structure

PRIMEENERGY RESOURCES CORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PRIMEENERGY RESOURCES CORP

  • Clint Hurt Filed SCHEDULE 13D/A on PRIMEENERGY RESOURCES CORP, latest Sep 24, 2026 (5 filings since Feb 5, 2024)
  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G on PRIMEENERGY RESOURCES CORP, latest Jul 14, 2026
  • Gifford Fong Filed SCHEDULE 13D/A on PRIMEENERGY RESOURCES CORP, latest Apr 22, 2026 (2 filings since Feb 1, 2024)
  • Charles E. Drimal Jr. Filed SCHEDULE 13D/A on PRIMEENERGY RESOURCES CORP, latest Feb 12, 2026 (4 filings since Jan 25, 2024)
  • Rothschild Robert De Filed SCHEDULE 13D/A on PRIMEENERGY RESOURCES CORP, latest Feb 3, 2026 (4 filings since Jan 18, 2024)
  • Jan K. Smeets Filed SC 13D/A on PRIMEENERGY RESOURCES CORP, latest Jan 25, 2024
  • Gaines Wehrle Filed SC 13G/A on PRIMEENERGY RESOURCES CORP, latest Jan 8, 2024 (3 filings since Jan 11, 2022)
  • PRIMEENERGY RESOURCES CORP Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PRIMEENERGY RESOURCES CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$13.1M5 Dec 31, 2025$14.6M5 Dec 31, 2024−10.7%
Accumulated depreciation$11.4M5 Dec 31, 2025$12.7M5 Dec 31, 2024−10.1%
Property and equipment, net$1.6M5 Dec 31, 2025$1.9M5 Dec 31, 2024−15.1%
Oil and gas properties$293.8M5 Dec 31, 2025$293.9M5 Dec 31, 20240%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.4M5 Dec 31, 2025$2.5M5 Dec 31, 2024+191.3%

Properties, in its own words

Our executive offices, as well as offices of Prime Operating Company and EOWS Midland Company are located in leased premises in Houston, Texas.

We maintain district offices in Midland, Texas, and Oklahoma City, Oklahoma and have field offices in Midland, Texas, as well as, Garvin, Oklahoma.

The rest of Item 2

Substantially all of our oil and gas properties are subject to a mortgage given to collateralize indebtedness or are subject to being mortgaged upon request by our lenders for additional collateral.

The information set forth below concerning our properties, activities, and oil and gas reserves includes our interests in affiliated entities.

The following table sets forth the exploratory and development drilling experience with respect to wells in which we participated during the three years ended December 31, 2025.

Gross · Net · Gross · Net · Gross · Net

Exploratory:

Oil · — · — · — · — · — · —

Development:

Oil · 27 · 4.9 · 59 · 18.74 · 35 · 8.37

Total:

Oil · 27 · 4.9 · 59 · 18.74 · 35 · 8.37

27 · 4.9 · 59 · 18.74 · 35 · 8.37

Oil and Gas Production

As of December 31, 2025, we had ownership interest in the following number of gross and net producing oil and gas wells(1).

Gross · Net

Producing Wells(1) · 1,032 · 427

(1) · A gross well is a well in which a working interest is owned. A net well is the sum of the fractional working interests owned in gross wells.

The following table shows our net production of oil, NGL and natural gas for each of the three years ended December 31, 2025. “Net” production is net after royalty interests of others are deducted and is determined by multiplying the gross production volume of properties in which we have an interest by the percentage of the leasehold, mineral or royalty interest owned by us.

Oil (barrels) · 2,286,000 · 2,556,000 · 1,144,000

NGL (barrels) · 1,650,000 · 1,284,000 · 606,000

Gas (Mcf) · 9,825,000 · 7,766,000 · 4,127,000

The following table sets forth our average sales prices together with our average production costs per unit of production for the three years ended December 31, 2025.

Average sales price per barrel of oil · 63.32 · 75.80 · 76.84

Average sales price per barrel of NGL · 15.32 · 20.25 · 19.64

Average sales price per Mcf of natural gas · 0.76 · 0.43 · 1.93

Average production costs per net equivalent barrel of oil(1) · 8.07 · 9.29 · 12.98

(1) · Net equivalent barrels are computed at a rate of 6 Mcf per barrel and costs exclude production taxes.

Acreage

The following table sets forth the approximate gross and net undeveloped acreage in which we have leasehold and mineral interests as of December 31, 2025. “Undeveloped acreage” is acreage on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of oil and gas, regardless of whether or not such acreage contains proved reserves.

Developed · Undeveloped · Total

Gross · Net · Gross · Net · Gross · Net

Leasehold acreage · 81,510 · 24,561 · - · - · 81,510 · 24,561

Mineral fee acreage · 1,640 · 117 · 19,257 · 417 · 20,987 · 534

Total · 83,150 · 24,678 · 19,257 · 417 · 102,407 · 25,095

Total Net Undeveloped Acreage Expiration

In the event that production is not established, or we take no action to extend or renew the terms of our leases, our net undeveloped acreage that will expire over the next three years, as of December 31, 2025, is zero acres for the year ending December 31, 2026, zero acres in 2027, and zero acres in 2028.

Reserves

All of our interests in proved developed and undeveloped oil and gas properties have been evaluated by Ryder Scott Company, L.P. for each of the three years ended December 31, 2025. The professional qualifications of the technical persons primarily responsible for overseeing the preparation of the reserve estimates can be found in Exhibit 99.1, the Ryder Scott Company, L.P. Report on Registrant’s Reserves Estimates. In matters related to the preparation of our reserve estimates, our district managers report to the Engineering Data manager, who maintains oversight and compliance responsibility for the internal reserve estimate process and provides oversight for the annual preparation of reserve estimates of 100% of our year-end reserves by our independent third-party engineers, Ryder Scott Company, L.P. The members of our districts consist of degreed engineers with over twenty-five years of industry experience and between ten and twenty-five years of experience managing our reserves. Our Engineering manager, the technical person primarily responsible for overseeing the preparation of reserves estimates, holds a Bachelor degree in Petroleum Engineering and has over thirty years of experience in the oil and gas industry.

See Part II, Item 8 “Financial Statements and Supplementary Data”, for additional discussions regarding proved reserves and their related cash flows. All of our reserves are located within the continental United States. The following table summarizes our oil and gas reserves at each of the respective dates:

Reserve Category

Proved Developed · Proved Undeveloped · Total

As of December 31, · Oil (MBbls) · NGLs (MBbls) · Gas (MMcf) · Total (MBoe) · Oil (MBbls) · NGLs (MBbls) · Gas (MMcf) · Total (MBoe) · Oil (MBbls) · NGLs (MBbls) · Gas (MMcf) · Total (MBoe)

2023 · 5,757 · 3,676 · 24,749 · 13,558 · 6,254 · 5,156 · 24,470 · 15,488 · 12,011 · 8,832 · 49,219 · 29,046

2024 · 7,444 · 6,597 · 37,489 · 20,288 · 3,166 · 1,670 · 8,326 · 6,224 · 10,610 · 8,267 · 45,815 · 26,512

2025 · 7,432 · 6,981 · 53,786 · 23,377 · 2,822 · 1,063 · 6,756 · 5,011 · 10,254 · 8,044 · 60,542 · 28,388

(a) · In computing total reserves on a barrels of oil equivalent (Boe) basis, gas is converted to oil based on its relative energy content at the rate of six Mcf of gas to one barrel of oil and NGLs are converted based upon volume; one barrel of natural gas liquids equals one barrel of oil.

Item 2 of the 10-K filed Apr 16, 2026.4

Leadership

Who has led PRIMEENERGY RESOURCES CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Charles E. Drimal Jr.2019–2022

President

  1. Charles E. Drimal Jr.2006–2009
2010201520202025
Board members and other officers (10)

Former names

  • PRIMEENERGY CORPNov 14, 1995 to Nov 19, 20183

Timeline

  1. Aug 4, 20268-K Entered a material agreement23
  2. Jun 11, 20268-K Shareholder vote; Other events24
  3. Feb 27, 20268-K Entered a material agreement25
  4. Jul 1, 20258-K Change of auditor26
  5. Jun 5, 20258-K Shareholder vote27
  6. Aug 1, 20248-K Entered a material agreement28
  7. Jun 6, 20248-K Shareholder vote29
  8. Feb 14, 20248-K Entered a material agreement30
  9. Jun 8, 20238-K Shareholder vote; Other events31
  10. Jun 13, 20228-K Shareholder vote32
  11. Dec 20, 2019New chief executive Charles E. Drimal Jr. becomes CEO13

Calendar

Coming up

  1. Nov 18, 2026Reports results for the quarter ending Sep/202633

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

177 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 10 major events, 73 insider forms, 20 large holders, 53 other. The latest 20:

  1. Oct 13, 20264/A EDGAR
  2. Sep 28, 20264 EDGAR
  3. Sep 24, 2026SCHEDULE 13D/A EDGAR
  4. Sep 23, 20264 EDGAR
  5. Sep 10, 20264 EDGAR
  6. Sep 4, 20264 EDGAR
  7. Sep 2, 2026SCHEDULE 13D/A EDGAR
  8. Sep 2, 2026144 EDGAR
  9. Aug 26, 20264 EDGAR
  10. Aug 24, 2026144 EDGAR
  11. Aug 14, 202610-Q EDGAR
  12. Aug 4, 20268-K EDGAR
  13. Jul 14, 2026SCHEDULE 13G EDGAR
  14. Jun 11, 20268-K EDGAR
  15. May 20, 202610-Q EDGAR
  16. May 14, 2026NT 10-Q EDGAR
  17. May 7, 2026144 EDGAR
  18. May 4, 20264 EDGAR
  19. Apr 29, 20264 EDGAR
  20. Apr 27, 2026144 EDGAR

The 177 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

118 open-market trades by officers, directors and large owners since October 2021: 2 buys and 116 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 18, 2026FONG GIFFORDDirectorBuy100$211.70$21.2KForm 4
Sep 8, 2026HURT CLINTDirectorSale6,000$220.44$1.3MForm 4
Sep 2, 2026HURT CLINTDirectorSale1,800$221.52$398.7KForm 4
Aug 25, 2026HURT CLINTDirectorSale8,007$201.29$1.6MForm 4
Aug 24, 2026HURT CLINTDirectorSale1,993$208.09$414.7KForm 4
May 1, 2026HURT CLINTDirectorSale2,000$220.44$440.9KForm 4
Apr 27, 2026DE ROTHSCHILD ROBERT10% ownerSale13,274$231.60$3.1MForm 4
Apr 24, 2026HURT CLINTDirectorSale10,000$230.92$2.3MForm 4
Feb 9, 2026HURT CLINTDirectorSale1,976$200.22$395.6KForm 4
Feb 6, 2026HURT CLINTDirectorSale8,936$191.58$1.7MForm 4
Feb 5, 2026HURT CLINTDirectorSale1,064$190.02$202.2KForm 4
Feb 5, 2026DE ROTHSCHILD ROBERT10% ownerSale1,149$186.75$214.6KForm 4
Jan 30, 2026DE ROTHSCHILD ROBERT10% ownerSale10,000$181.81$1.8MForm 4
Jan 29, 2026DE ROTHSCHILD ROBERT10% ownerSale10,151$186.19$1.9MForm 4
Jan 13, 2026DE ROTHSCHILD ROBERT10% ownerSale8,700$182.85$1.6MForm 4
Dec 11, 2025HURT CLINTDirectorSale1,285$190.07$244.2KForm 4
Dec 10, 2025HURT CLINTDirectorSale3,715$190.12$706.3KForm 4
Dec 9, 2025HURT CLINTDirectorSale5,000$190.20$951.0KForm 4
Jun 4, 2025DE ROTHSCHILD ROBERT10% ownerSale1,767$187.00$330.4KForm 4
Jun 3, 2025DE ROTHSCHILD ROBERT10% ownerSale4,389$188.01$825.2KForm 4

All 118 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Charles E. DrimalJr. Chairman, Chief Executive$867.6K$5.0M41
2025Beverly A. Cummings Executive VicePresident,$867.6K$2.8M41
2024Officer and President; Principal Executive Officer$842.3K$4.9M41
2024Chief Financial Officer and Treasurer; Principal Financial Officer$842.3K$2.7M41

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 90. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Dimensional Fund Advisors LP84,927$14.2M0.0%+6,055
BlackRock, Inc.51,353$8.6M0.0%+15,420
Bnp Paribas Financial Markets40,980$6.8M0.0%−6,901
D. E. Shaw & Co., Inc.37,846$6.3M0.0%+281
Vanguard Portfolio Management LLC35,257$5.9M0.0%+21,797
Jacobs Levy Equity Management, Inc34,480$5.8M0.0%+25,925
First Trust Advisors LP19,220$3.2M0.0%+2,636
Jpmorgan Chase & Co17,905$3.1M0.0%−50,766
Geode Capital Management, LLC18,094$3.0M0.0%+3,297
Vanguard Capital Management LLC17,108$2.9M0.0%+3,034
American Century Companies Inc15,348$2.6M0.0%+1,295
Aqr Capital Management LLC12,797$2.1M0.0%−837
Bridgeway Capital Management, LLC11,869$2.0M0.0%+302
State Street Corp10,312$1.7M0.0%+825
XTX Topco Ltd9,266$1.5M0.0%New
Northern Trust Corp9,235$1.5M0.0%+954
UBS Group AG8,729$1.5M0.0%+1,043
Quadrature Capital Ltd8,605$1.4M0.0%+6,906
Bank of New York Mellon Corp8,460$1.4M0.0%+691
Millennium Management LLC8,358$1.4M0.0%−8,151
Jane Street Group, LLC7,493$1.3M0.0%New
Principal Financial Group Inc7,268$1.2M0.0%+538
Empowered Funds, LLC6,719$1.1M0.0%+302
RBF Capital, LLC5,615$937.1K0.0%No change
SummerHaven Investment Management, LLC4,717$787.2K0.4%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How PRIMEENERGY RESOURCES CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPRIMEENERGY RESOURCES CORP1
  • CIK0000056868
  • Employer ID (EIN)84-06373484
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address9821 Katy Freeway, Suite 1050, Houston, TX 770241
  • Phone20335857001
  • Shares outstanding1,582,600 as of Aug 14, 202612
  • Public float$73.9K as of Jun 30, 20254
  • AuditorWithumSmith+Brown, PC, Houston, Texas PCAOB ID 100; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceApr 13, 19951
  • Filings644 in all: 4 (193), 10-Q (79), SC 13D/A (45), 8-K (42), 144 (36), DEF 14A (32), 10-K (25), NT 10-Q (25)1
    All 30 form types

    CORRESP (24), UPLOAD (20), NT 10-K (18), 10QSB (16), ARS (15), 4/A (9), SCHEDULE 13D/A (9), 10-Q/A (7), 3 (7), 10-K/A (6), 10KSB (6), SC 13D (6), SC 13G/A (5), 8-K/A (4), 10-C (3), PRE 14A (3), SC 13G (3), 5 (2), 10KSB/A (1), 15-12G (1), SCHEDULE 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Apr 16, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Apr 24, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.10 (per share)PNRGNasdaq

From the cover page of the 10-K filed Apr 16, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks PRIMEENERGY RESOURCES CORP names in Item 1A of its 10-K filed Apr 16, 2026: 28 risks under these headings, as written.4

  • General Risk Factors
  • The prices of oil, NGL and gas are highly volatile. A sustained decline in these commodity prices could materially and adversely affect the Company’s business, financial condition and results of operations.
  • Concerns over general economic, business or industry conditions may have a material adverse effect on our results of operations, liquidity and financial condition.
  • Financial difficulties encountered by our oil and natural gas purchasers, third-party operators or other third parties could decrease cash flow from operations and adversely affect our exploration and development activities.
  • We have substantial capital requirements, and we may not be able to obtain needed financing on satisfactory terms, if at all.
  • Negative public perception regarding us and/or our industry could have an adverse effect on our operations.
  • We may not be insured against all of the operating risks to which we are exposed.
  • Terrorist activities and the potential for military and other actions could adversely affect our business.
  • Our ability to sell our natural gas and oil production could be materially harmed if we fail to obtain adequate services such as transportation and processing.
  • Competition in our industry is intense, and many of our competitors have substantially greater financial and technological resources than we do, which could adversely affect our competitive position.
  • The loss of key personnel could adversely affect our ability to operate.
  • A failure of technology systems, data breach or cyber incident could materially affect our operations.
The other 17 risks
  • Risks Related to our Business
  • The shut-in of our wells could negatively impact our production, liquidity, and, ultimately, our operations, results, and performance.
  • Drilling natural gas and oil wells is a high-risk activity.
  • Reserve estimates depend on many assumptions that may prove to be inaccurate. Any material inaccuracies in our reserve estimates or underlying assumptions could cause the quantities and net present value of our reserves to be overstated.
  • The Company’s expectations for future drilling activities will be realized over several years, making them susceptible to uncertainties that could materially alter the occurrence or timing of such activities.
  • Our future performance depends on our ability to find or acquire additional natural gas and oil reserves that are economically recoverable.
  • The borrowing base under our revolving credit facility may be reduced in light of recent commodity price declines, which could limit us in the future.
  • We face a variety of hazards and risks that could cause substantial financial losses.
  • The nature of the Company’s assets and production operations may impact the environment or cause environmental contamination, which could result in material liabilities to the Company.
  • We have limited control over the activities on properties we do not operate.
  • We may have hedging arrangements that expose us to risk of financial loss and limit the benefit to us of increases in prices for natural gas and oil.
  • Legal and Regulatory Risks
  • Laws and regulations regarding hydraulic fracturing, as well as governmental reviews of such activities, could result in increased costs and additional operating restrictions, delays or cancellations and have a material adverse effect on the Company’s production.
  • The Company’s operations are subject to stringent environmental, oil and gas-related and occupational safety and health laws and regulations that could cause it to delay, curtail or cease its operations or expose it to material costs and liabilities.
  • The Company’s operations are subject to a number of risks arising out of concerns regarding the threat of climate change.
  • Laws and regulations pertaining to protection of threatened and endangered species or to critical habitat, wetlands and natural resources could delay, restrict or prohibit the Company’s operations and cause it to incur substantial costs that may have a material adverse effect on the Company’s development and production of reserves.
  • We are subject to complex laws and regulations, including environmental regulations, which can adversely affect the cost, manner or feasibility of doing business.
  • Increasing scrutiny and changing expectations from investors, lenders and other market participants with respect to our Environmental, Social and Governance (“ESG”) policies may impose additional costs on us or expose us to additional risks.
  • Changes to the U.S. federal tax laws could adversely affect our financial position, results of operations and cash flow.

Legal proceedings

In the ordinary course of conducting our business, we become involved in litigation and other claims from private party actions, as well as judicial and administrative proceedings involving governmental authorities at the federal, state, and local levels. While the outcome of litigation or other proceedings against us cannot be predicted with certainty, management does not expect that any loss resulting from such litigation or other proceedings, in excess of any amounts accrued or covered by insurance, will have a material adverse impact on our consolidated financial statements.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41