Permian Resources Movers

Permian Resources Corporation (NYSE: PR) is headquartered at 300 N. Marienfeld Street, Suite 1000 in Midland. The company was created September 1, 2022 via the all-stock merger of Centennial Resource Development and Colgate Energy — a deal that put a pure-play Permian operator with combined Delaware Basin and Midland Basin acreage on the public markets.

The Earthstone Energy acquisition closed October 30, 2023 for $4.5 billion (all-stock). The combined company has more than 400,000 Permian net acres with pro-forma production approximately 300,000 Boe/d. Earthstone was historically based in The Woodlands, TX — a Houston-area suburb — so the post-merger consolidation moved meaningful headcount from The Woodlands to Midland for the combined operating structure.

For movers, Permian Resources is a steady, small-but-persistent corporate-relo lane, primarily between The Woodlands and Midland. The acquisition cadence (Centennial + Colgate + Earthstone within 18 months) has generated continuous integration headcount movements. Smaller absolute volume than the Diamondback or ExxonMobil-Pioneer flows, but a recurring pattern.

Employees relocating into Midland anchor in the executive-tier neighborhoods: Saddle Club Estates, Heritage Oaks, Polo Park, Grassland Estates. The Marienfeld Street HQ sits in downtown Midland — same district as Coterra Energy's primary office.

Permian Resources' relocation volume is driven by two distinct integration cycles still working through:

The Centennial / Colgate combination (2022). Operational integration of two predecessor public companies into a single Midland-HQ structure. Most of this volume has settled but residual headcount adjustments continue.

The Earthstone integration (2023-ongoing). The Woodlands-to-Midland corridor is the active corporate-relo lane. Earthstone's technical and operational staff who accepted post-merger roles relocated to Midland; some remained in The Woodlands for designated remote or hybrid positions. The Woodlands is part of the broader Houston metro, so this lane shares characteristics with the larger Houston-to-Midland oilfield-relocation pattern.

For executive-tier moves into Permian Resources at the Marienfeld Street HQ, the employee profile matches Diamondback and ExxonMobil-Pioneer: senior technical roles (reservoir engineers, geoscientists, production engineers, drilling engineers) and corporate / IR / finance positions concentrating in downtown Midland.