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PrimeEnergy Resources Corporation Recognized Nationally and Locally for Outstanding Performance
PrimeEnergyPrimeEnergy(US:PNRG) Globenewswireยท2025-09-09 22:05

Core Insights - PrimeEnergy Resources Corporation has been recognized in two significant rankings for corporate performance, highlighting its strong growth and shareholder returns [1][2] - The company ranked 9th overall in the Houston Chronicle's Chronicle 100 list and 6 in Forbes' Oil & Gas Operations category for America's Most Successful Small-Cap Companies 2025 [1][2] Company Performance - The Houston Chronicle's ranking evaluates revenue growth, earnings per share growth, and total shareholder return, indicating PrimeEnergy's robust financial health [1] - Forbes' recognition focuses on companies under $2 billion in market capitalization that excel in growth, profitability, and return on investment, showcasing PrimeEnergy's competitive position in the industry [2] Leadership and Strategy - Charles E. Drimal, Jr., Chairman and CEO, attributes these recognitions to employee dedication, strong operating strategy, and commitment to long-term shareholder value [3] - The company celebrates the 90th birthday of Director Clint Hurt, who has been pivotal in guiding the company's growth since 1987, with shares increasing from $0.70 to over $150 [3] Operational Focus - PrimeEnergy emphasizes disciplined growth and operational efficiency across its oil and natural gas properties, focusing on prudent capital allocation and technology-driven efficiencies [4] - The company manages a diversified portfolio of producing wells and development opportunities, reinforcing its commitment to shareholder value [5]