PrimeEnergy (PNRG) Earnings & Revenues Increase Y/Y in Q2

PrimeEnergy Resources Corporation (PLPC) delivered strong financial results in the second quarter of 2024, highlighted by significant year-over-year increases in earnings and revenues on robust oil production and favorable pricing. The company's strategic focus on expanding its drilling activities, particularly in the West Texas region, resulted in substantial production growth, which more than doubled from the prior-year period. However, the quarter also saw a decline in natural gas revenues and a rise in ...