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PrimeEnergy Resources Corporation - $PNRG STOCK NEWS

Welcome to our dedicated page for PrimeEnergy Resources Corporation news (Ticker: $PNRG), a resource for investors and traders seeking the latest updates and insights on PrimeEnergy Resources Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PrimeEnergy Resources Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PrimeEnergy Resources Corporation's position in the market.

Rhea-AI Summary
PrimeEnergy Resources Corporation (NASDAQ: PNRG) Announces Strong Q3 2023 Results with Increased Production and Revenue. The company reported a rise in oil and gas production but a decrease in average prices received. Total assets increased to $253,575,000, and the borrowing base remained at $65 million with no outstanding borrowings under the Credit Facility. The fully diluted shares outstanding are 2,588,076, and 80,424 shares have been retired at an average price of $92.54 during 2023.
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PrimeEnergy Resources Corporation (NASDAQ: PNRG) reported net income of $10.0 million for the quarter and $11.5 million for the six months ended June 30, 2023. The company added first production from 18 wells completed in 2023 and has 7 additional wells in various stages of completion activities. The development plan includes drilling additional wells during the second half of 2023. Oil and natural gas production and average prices received for the three and six months ended June 30, 2023, and 2022 were also disclosed.
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PrimeEnergy Resources Corporation

Nasdaq:PNRG

PNRG Rankings

PNRG Stock Data

183.55M
554.38k
69.35%
11.88%
0.15%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
HOUSTON

About PNRG

prime offshore l.l.c. is a maritime company located in 9821katy fwy, houston, texas, united states.