Permian Resources kept upgrading its portfolio throughout 2023. The company made three bolt-on acquisitions and two acreage swaps, along with the divestiture of two non-core assets. Moreover, it made more than a hundred and forty grassroots acquisitions. Collectively, PR added 17,000 net acres and 7,300 net royalty acres in the Permian Basin, along with 200 high-quality, gross-operated wells in the core of the Delaware Basin. This resulted in the company replacing more than 100% of its developed inventory during 2023 at less than $100 million after accounting for divestitures.