PNRGNasdaq

PRIMEENERGY RESOURCES CORP

Crude Petroleum & Natural Gas · DE · CIK 56868

Acquires, develops, and produces oil and natural gas, operating wells and providing servicing

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$308M

Market cap

$170.54

Last close

-2.3%

-3.9%

64K

Volume

Price · last 39 sessions-25.4%

May 4L $164.62 · H $272.59Jun 29

202

Total filings

Jun 11, 2026

Last filing

12/31

Fiscal year end

All 10-Q · 78 8-K · 41 DEF 14A · 32 10-K · 25 10-Q/A · 7 SC 13D · 6 10-K/A · 6 SC 13D/A · 4

Insider Activity

In the 90 days to Feb 9, 2026: 2 sold $9.7M.

Date	Insider	Action	Shares	Price	Value
Feb 9, 2026	Hurt ClintDirector	Sell	1,976	$200.22	$396K
Feb 6, 2026	Hurt ClintDirector	Sell	5,000	$190.15	$951K
Feb 6, 2026	Hurt ClintDirector	Sell	3,936	$193.39	$761K
Feb 5, 2026	De Rothschild RobertTenPercentOwner	Sell	1,149	$186.75	$215K
Feb 5, 2026	Hurt ClintDirector	Sell	1,064	$190.02	$202K
Jan 30, 2026	De Rothschild RobertTenPercentOwner	Sell	10,000	$181.81	$1.8M
Jan 29, 2026	De Rothschild RobertTenPercentOwner	Sell	10,151	$186.19	$1.9M
Jan 13, 2026	De Rothschild RobertTenPercentOwner	Sell	8,700	$182.85	$1.6M
Dec 11, 2025	Hurt ClintDirector	Sell	1,285	$190.07	$244K
Dec 10, 2025	Hurt ClintDirector	Sell	3,715	$190.12	$706K
Dec 9, 2025	Hurt ClintDirector	Sell	5,000	$190.20	$951K

Open-market buys & sells (Form 4, transaction codes P/S). Source: SEC structured insider data.

What Changed

Risk factors · Apr 15, 2025 → Apr 16, 2026

29 added · 29 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.

Newly disclosed

Horizontal development of our leasehold acreage has continued at a fast pace, particularly in West Texas, where in 2025 we participated with Double Eagle, and Vital in the drilling and completion of 23 new horizontal wells targeting the Wolfcamp and Spraberry producing intervals.
In particular, under our large acreage position in Reagan County, only the Wolfcamp “A” and “B” intervals have been developed so far, along with a one-well test of the Wolfcamp “D” on one block. 5 In 2023, the Company completed 35 horizontal wells operated by five operators: 32 of these are located in West Texas and three in Oklahoma.
In the second and third quarters of 2025, we participated in fifteen new horizontals in the Midland Basin of West Texas: these 15 wells are operated by Double Eagle on our “Full House” tract in Reagan County in which the Company participated with approximately 27% interest and invested approximately $30.1 million.
In total in these 27 wells, we invested approximately $37.3 million. 6 The Company’s horizontal development activities in the last three years, can be summarized as follows: in 2023 we invested $96 million in 35 horizontals, in 2024 we invested $113 million in 48 horizontals, and in 2025, we invested $96 million in 48 horizontals.
Also in 2025, we participated with Ovintiv Mid-Continent in the drilling of two 2-mile- long horizontals in Canadian County, Oklahoma with 3.14% interest, investing roughly $405,000 through completion and with Devon Energy Production in the drilling of two 2-mile-long horizontals in Kingfisher County, Oklahoma with 9.95% Interest and investing roughly $1,439,000.
In 2026, we have plans to participate with Validus Energy II in the drilling of 1 3-mile long horizontal well in Grady County, Oklahoma with 3.47% interest, investing roughly $351,000 through completion, 1 well with Ovintiv Mid-Continent in the drilling of one 2.5-mile long horizontal in Garvin County, Oklahoma with 3.36% interest, investing roughly $291,000 through completion, and one 3-mile long horizontal in Garvin County, Oklahoma with a 2.27% interest, investing roughly $194,000 through completion.
In the second half of 2025, we participated in two development projects in West Texas with 8.2% interest in the drilling of eight wells in Midland County, operated by Vital Energy, and with 27% interest in 15 wells in Reagan County operated by Double Eagle.
In Kingfisher County, Oklahoma; we participated with approximately 9.95% interest and $1.4 million. 7 In 2025, the Company raised proceeds of $2.2 million from the sale of acreage, and commercial property We believe that our diversified portfolio approach to our drilling activities produces more consistent and predictable economic results than would otherwise be experienced with a less diversified or higher-risk drilling program profile.
Listed below are the percent of the Company’s total oil and gas sales made which represented more than 10% of the Company’s oil and gas sales in the year 2025. 2025 Oil: DE Central Operating, LLC. 53 % Civitas Resources Inc. 12 % APA Corporation. 18 % Natural gas and liquids: DE Central Operating, LLC. 40 % Civitas Resources Inc. 26 % APA Corporation. 15 % Although there are no long-term purchasing agreements with these purchasers, we believe that they will continue to purchase our oil and gas products and, if not, could be readily replaced by other purchasers.
In early March 2025, Ovintiv Mid-Continent spud two “Jennifer 1407” wells in Canadian County, Oklahoma; we participated for approximately 3.14% interest and invested $405,000, these wells were completed in May 2025.
In past 4 years as to farm-out of our interest, we have Horizontal development with ORRI as follows; 11 wells in 2022, 3 wells in 2023, 16 wells in 2024 and 2 wells in 2025.
Each of these 15 horizontals were on production as of May 2025 and the Company has invested approximately $59.3 million in these additional 21 horizontal wells.

No longer disclosed

As we have done historically to preserve or enhance liquidity, we may adjust our capital program throughout the year, divest non-strategic assets, or enter into strategic joint ventures. 5 Horizontal development of our leasehold acreage has continued at a fast pace, particularly in West Texas, where in 2024 we participated with Double Eagle, Pioneer, Civitas, and ConocoPhillips in the drilling and completion of 56 new horizontal wells targeting the Wolfcamp and Spraberry producing intervals.
By the end of the second quarter of 2025, therefore, the Company will have invested approximately $70 million in these additional 21 horizontal wells. 6 In early March 2025, Ovintiv Mid-Continent spud two “Jennifer 1407” wells in Canadian County, Oklahoma; in these, we will participate for approximately 3.125% interest and invest $408,000.
In the second and third quarters of 2025, we are anticipating the start of twenty new horizontals in the Midland Basin of West Texas: 15 wells operated by Double Eagle on our “Full House” tract in Reagan County in which the Company will participate with approximately 31% interest and invest $48.4 million, and five wells operated by ConocoPhillips on our “Schenecker” tract in Martin, County in which we plan to participate for 20.83% interest and invest $11.3 million.
The Company’s horizontal development activities in the last two years, along with our projected activity for 2025, can be summarized as follows: in 2023 we invested $96 million in 35 horizontals, in 2024 we invested $113 million in 48 horizontals, and in 2025, we expect to invest $129 million in 43 horizontals.
In the second and third quarters of 2025, we expect to begin participation in two development projects in West Texas with 20.83% interest in the drilling of five wells in Martin County, operated by ConocoPhillips, and with 31% interest in 15 wells in Reagan County operated by Double Eagle.
Total investment in these is estimated to be $48.5 million. 7 In 2024, the Company raised proceeds of $4.2 million from the sale of acreage, producing properties, and an equipment company subsidiary, and we acquired $3.88 million worth of acreage in West Texas for future development.
In addition, in the first quarter of 2025, we began participating in two horizontals with Ovintiv Mid-Continent in Canadian County, Oklahoma with a working interest share of 3.125% interest and will invest approximately $408,000.
We also hold a 33.3% interest in a limited partnership that owns a 138,000-square-foot retail shopping center on ten acres in Prattville, Alabama, which is on our books for $40,000 as of December 31, 2024.
Also in 2024, the Company earned an ORRI interest in five wells in Canadian County, with an average of 0.9% in each of three wells and 3% in two wells, and earned a 0.034% ORRI in one well in Major County.
Oil Purchasers: DE IV Operating, LLC 44.09 % Civitas Resources Inc... 19.57 % APA Corporation. 11.90 % Gas Purchasers: DE IV Operating, LLC 29.77 % Civitas Resources Inc 21.79 % APA Corporation. 18.64 % Although there are no long-term purchasing agreements with these purchasers, we believe that they will continue to purchase our oil and gas products and, if not, could be readily replaced by other purchasers.
Listed below are the percent of the Company’s total oil and gas sales made which represented more than 10% of the Company’s oil and gas sales in the year 2024.
The Company plans to participate with Ovintiv Mid-Continent in the drilling of two 2-mile-long horizontals in Canadian County, Oklahoma with 3.125% interest, investing roughly $408,000 through completion.

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