A Proven Operator in the Permian Basin

Admiral Permian Resources (“Admiral”) is a privately held exploration and production company with a focused strategy centered on the acquisition and development of high-quality oil and gas assets in the Permian Basin—one of the most prolific hydrocarbon regions in North America.

We employ advanced geotechnical analysis and leading-edge drilling and completion technologies to unlock value from oil-rich resource plays. Our disciplined capital allocation, operational efficiency, and data-driven development approach enable us to deliver consistent, long-term returns.

Admiral’s management team brings decades of experience and a strong track record of creating value by successfully acquiring, building, operating, optimizing and monetizing upstream and midstream assets throughout the Permian basin. Our leadership is deeply aligned with investor interests, prioritizing profitable growth, prudent risk management, and capital efficiency.

The company is headquartered in Midland, Texas, with additional offices in Austin, Texas.

Our History

2006 – 2016
Reliance Energy, Inc. (“Reliance”)
  • Acquired ~50,000 acres in the North Midland Basin
  • 2008 – commenced vertical “Wolfberry” development
  • 2010 – sold 9,000 acres to Oxy for $250 million
  • 2013 – transitioned from vertical to horizontal development
  • Increased average EUR’s by over 40% on select zones through improved completion designs
  • Reduced DC&E costs by over 42% by the end of 2015 compared to peak inflation period in 2014
  • 2016 – sold remaining North Midland Basin upstream assets to Concho for $1.625 billion
  • At sale Reliance had over 15,000 boe/d of production from ~400 wells, of which 50 were horizontal
2008 – 2015
Coronado Midstream LLC (“Coronado”)
  • Reliance co-founded Coronado a gas gathering and processing midstream company alongside two other E&Ps with assets in the North Midland Basin
  • Reliance was largest owner and directed the growth and strategic planning
  • Installed over 260 miles of gas gathering, 41,000 horsepower of compression, 175 Mmcf/d of gas processing capacity and had over 192,000 acres dedicated to the Coronado system from 13 different regional producers
  • 2016 – sold to EnLink Midstream LLC for $600 million
2012 – 2019
Reliance Gathering LLC (“RG”)
  • Founded RG initially to serve as sole midstream for oil production on Reliance acreage
  • 2013 – Expanded system to service third-party E&Ps
  • 2016 – sold minority stake to Metalmark Capital on a $300 million valuation
  • Installed over 230 miles of oil gathering and transmission pipelines, 200,000 bbls of storage capacity and over 90 customer receipt points and had 160,000 dedicated acres from eight high quality and active Permian producers
  • 2019 – sold to a JV formed by Rattler Midstream LP, a subsidiary of Diamondback Energy, Inc., and Oryx Midstream for $355 million
2017 – 2022
APR HOLDINGS LLC (“APR”)
  • Key team members of Reliance formed Admiral Permian Resources LLC
  • Backed by Ares Management, Admiral acquired ~60,000 net acres in Reeves and Culberson counties in the Delaware basin
  • Drilled, completed and operated 60 horizontal wells
  • Designed, constructed and commissioned centralized oil, gas and water gathering, high-pressure gas lift, water recycling, compression and system wide amine-redox H2S treating
  • Reduced operating costs by ~45% with the implementation of these centralized systems
  • 2022 – sold substantially all assets to Petro-Hunt, LLC for an undisclosed price (private transaction)
  • Production of ~20,000 boe/d at sale date
2022 - present
Admiral Permian Resources LLC (“Admiral”)
  • Members of the Admiral team personally fund leasehold in Loving county and seed a new business focused on scaling a Permian E&P, drilling unit by drilling unit
  • 2023 – Admiral brings on its first multi-well pad in Loving county and closes on several additional drilling units in the Delaware
  • Admiral’s drilling unit exploitation strategy gains traction and the team partners with a non-operated fund to secure capital to scale the strategy
  • 2024 – Admiral secures its first Midland basin assets and drills its first Barnett wells
  • 2025 – Admiral secures its first Delaware assets in New Mexico
  • Admiral today:
    – Drilled and completed 61 operated wells since inception and has interest in 80 producing wells.
    – Operates over 20,000 boe/d of production.
    – Amassed over 160 gross locations in the Permian basin.

The Admiral Team

Has led the development of multiple Permian upstream and midstream companies from the ground-up and realized over $3.2 billion in total monetization proceeds while yielding significant ROIs

Admiral’s Management Team

Brings decades of experience and a strong track record of creating value by successfully acquiring, building, operating, optimizing and monetizing upstream and midstream assets throughout the Permian basin. Our leadership is deeply aligned with investor interests, prioritizing profitable growth, prudent risk management, and capital efficiency.

Denzil West, P.E.

Chief Executive Officer

Jason Henderson

Chief Financial Officer

Michelle Estes

Vice President of Operations

Jay Blaylock

Vice President of Geosciences

Tyler West

Vice President of Engineering

Cameron Null

Vice President of Finance

Travis Hutt

Vice President of Land

Grant Sirgo

Business Development Manager

Jeremy Ward

Drilling Manager

Ryan West

Completions Manager

Chad O’Connor

Production Manager

Candace Clark

Controller

Operations

Our oil & gas operations and new developments currently span the entirety of the Permian basin, with the majority of our activity in the Delaware basin, followed by the Midland basin and the Central Basin Platform.