| Cover | 12 Months Ended |
| Dec. 31, 2022 | |
| Document Information [Line Items] | |
| Document Type | DEF 14A |
| Amendment Flag | false |
| Entity Information [Line Items] | |
| Entity Registrant Name | PERMIAN RESOURCES CORPORATION |
| Entity Central Index Key | 0001658566 |
| Pay vs Performance Disclosure | 3 Months Ended | 4 Months Ended | 8 Months Ended | 9 Months Ended | 12 Months Ended | 36 Months Ended | ||||||
| Mar. 31, 2020 USD ($) | Dec. 31, 2022 USD ($) | Aug. 31, 2022 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2022 | |||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Pay vs Performance [Table Text Block] | PAY FOR PERFORMANCE The following table shows the total compensation for our NEOs for the past three years, as set forth in the Summary Compensation Table, and the “compensation actually paid” (computed in the manner required by SEC rules as described below) to our NEOs. The table separately presents the amounts for each Chief Executive Officer serving during the last three years, including each of our current Co-CEOs, and the average amounts for our other NEOs. The table also provides our Total Shareholder Returns (TSR), the TSR of the selected peer group, our net income and our Free Cash Flow, all presented for the past three years. AVERAGE SUMMARY COMPEN- SATION TABLE TOTAL FOR NON-CEO NEOs ($) (3) AVERAGE COMPEN- SATION ACTUALLY PAID TO NON-CEO NEOs ($) (2)(3) VALUE OF INITIAL FIXED $100 INVESTMENT BASED ON: SUMMARY COMPENSATION TABLE TOTAL FOR CEOs (1) COMPENSATION ACTUALLY PAID TO CEOs (1)(2) TOTAL SHARE- HOLDER RETURN ($) (4) PEER GROUP TOTAL SHARE- HOLDER RETURN ($) (4) NET INCOME ($) FREE CASH FLOW (5) YEAR HICKEY WALTER SMITH PAPA HICKEY WALTER SMITH PAPA 2022 25,512,520 25,512,520 21,833,431 — 33,915,382 33,915,382 51,416,285 — 6,674,297 17,124,841 32 64 749,840,000 569,917 2021 — — 8,677,260 — — — 42,802,771 — 3,236,810 15,878,126 129 106 138,175,000 206,671 2020 — — 6,606,273 324,805 — — 9,557,071 716,865 2,542,616 3,560,595 204 154 (685,199,000) (64,230) (1) Our current Co-CEOs, Messrs. Hickey and Walter, began serving as our Co-CEOs on September 1, 2022 upon the closing of the Merger. The former CEOs referenced are Sean R. Smith, who served as our CEO from April 1, 2020 through August 31, 2022, and Mark G. Papa, who served as our CEO from 2016 through March 31, 2020. (2) The dollar amounts reported in this column represent the amount of Compensation Actually Paid (CAP), as defined and calculated under applicable SEC rules, for each CEO and the average for the other NEOs. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our NEOs. In accordance with the requirements of Item 402(v) of Regulation S-K, CAP is based on the Summary Compensation Table (SCT) pay, as adjusted for the fair market value of equity awards as of December 31, 2020, 2021 and 2022. Our NEOs do not participate in benefit programs requiring an adjustment for pension benefits calculation. The following table provides the adjustments made between SCT pay and CAP: Year CEO / NEO Summary Compensation Table Total Remove Value of Equity Awards Granted (a) Prior Year Equity Award Adjustments (b) Compensation Actually Paid 2022 Hickey 25,512,520 (25,512,520) 33,915,382 33,915,382 Walter 25,512,520 (25,512,520) 33,915,382 33,915,382 Smith 21,833,431 (14,495,295) 44,078,149 51,416,285 Other NEOs 6,674,297 (5,093,653) 15,544,197 17,124,841 2021 Smith 8,677,260 (6,590,088) 40,715,599 42,802,771 Other NEOs 3,236,810 (2,240,258) 14,881,574 15,878,126 2020 Smith 6,606,273 (5,242,233) 8,193,031 9,557,071 Papa 324,805 — 392,060 716,865 Other NEOs 2,542,616 (1,824,259) 2,842,238 3,560,595 (a) Represents the grant date fair value and average grant date fair value of the equity awards granted to the CEO and NEOs, respectively. (b) Reflects the fair value/change in fair value of the awards at year end or upon vesting/forfeiture, computed in accordance with FASB’s ASC Topic 718, Stock-based Compensation (ASC Topic 718). (3) For 2022, the other NEOs were Messrs. Glyphis, Garrison, Jensen, Bell and O’Connor. For 2021 and 2020, the other NEOs were Messrs. Glyphis, Garrison, Jensen and O’Connor. (4) Total Shareholder Return is determined based on the value of an initial fixed investment of $100. The Peer Group Total Shareholder Return represents the total shareholder return of the SPDR S&P Oil & Gas Exploration & Production ETF. (5) Free Cash Flow is a non-GAAP financial measure. See Appendix A for a reconciliation of this financial measure to our most directly comparable financial measure calculated in accordance with GAAP. | |||||||||||
| Named Executive Officers, Footnote [Text Block] | (3) For 2022, the other NEOs were Messrs. Glyphis, Garrison, Jensen, Bell and O’Connor. For 2021 and 2020, the other NEOs were Messrs. Glyphis, Garrison, Jensen and O’Connor. | |||||||||||
| Peer Group Issuers, Footnote [Text Block] | (4) Total Shareholder Return is determined based on the value of an initial fixed investment of $100. The Peer Group Total Shareholder Return represents the total shareholder return of the SPDR S&P Oil & Gas Exploration & Production ETF. | |||||||||||
| Adjustment To PEO Compensation, Footnote [Text Block] | (2) The dollar amounts reported in this column represent the amount of Compensation Actually Paid (CAP), as defined and calculated under applicable SEC rules, for each CEO and the average for the other NEOs. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our NEOs. In accordance with the requirements of Item 402(v) of Regulation S-K, CAP is based on the Summary Compensation Table (SCT) pay, as adjusted for the fair market value of equity awards as of December 31, 2020, 2021 and 2022. Our NEOs do not participate in benefit programs requiring an adjustment for pension benefits calculation. The following table provides the adjustments made between SCT pay and CAP: Year CEO / NEO Summary Compensation Table Total Remove Value of Equity Awards Granted (a) Prior Year Equity Award Adjustments (b) Compensation Actually Paid 2022 Hickey 25,512,520 (25,512,520) 33,915,382 33,915,382 Walter 25,512,520 (25,512,520) 33,915,382 33,915,382 Smith 21,833,431 (14,495,295) 44,078,149 51,416,285 Other NEOs 6,674,297 (5,093,653) 15,544,197 17,124,841 2021 Smith 8,677,260 (6,590,088) 40,715,599 42,802,771 Other NEOs 3,236,810 (2,240,258) 14,881,574 15,878,126 2020 Smith 6,606,273 (5,242,233) 8,193,031 9,557,071 Papa 324,805 — 392,060 716,865 Other NEOs 2,542,616 (1,824,259) 2,842,238 3,560,595 (a) Represents the grant date fair value and average grant date fair value of the equity awards granted to the CEO and NEOs, respectively. (b) Reflects the fair value/change in fair value of the awards at year end or upon vesting/forfeiture, computed in accordance with FASB’s ASC Topic 718, Stock-based Compensation (ASC Topic 718). | |||||||||||
| Non-PEO NEO Average Total Compensation Amount | $ 6,674,297 | [1],[2] | $ 3,236,810 | $ 2,542,616 | ||||||||
| Non-PEO NEO Average Compensation Actually Paid Amount | $ 17,124,841 | 15,878,126 | [1],[2] | 3,560,595 | [1],[2] | |||||||
| Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | (2) The dollar amounts reported in this column represent the amount of Compensation Actually Paid (CAP), as defined and calculated under applicable SEC rules, for each CEO and the average for the other NEOs. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our NEOs. In accordance with the requirements of Item 402(v) of Regulation S-K, CAP is based on the Summary Compensation Table (SCT) pay, as adjusted for the fair market value of equity awards as of December 31, 2020, 2021 and 2022. Our NEOs do not participate in benefit programs requiring an adjustment for pension benefits calculation. The following table provides the adjustments made between SCT pay and CAP: Year CEO / NEO Summary Compensation Table Total Remove Value of Equity Awards Granted (a) Prior Year Equity Award Adjustments (b) Compensation Actually Paid 2022 Hickey 25,512,520 (25,512,520) 33,915,382 33,915,382 Walter 25,512,520 (25,512,520) 33,915,382 33,915,382 Smith 21,833,431 (14,495,295) 44,078,149 51,416,285 Other NEOs 6,674,297 (5,093,653) 15,544,197 17,124,841 2021 Smith 8,677,260 (6,590,088) 40,715,599 42,802,771 Other NEOs 3,236,810 (2,240,258) 14,881,574 15,878,126 2020 Smith 6,606,273 (5,242,233) 8,193,031 9,557,071 Papa 324,805 — 392,060 716,865 Other NEOs 2,542,616 (1,824,259) 2,842,238 3,560,595 (a) Represents the grant date fair value and average grant date fair value of the equity awards granted to the CEO and NEOs, respectively. (b) Reflects the fair value/change in fair value of the awards at year end or upon vesting/forfeiture, computed in accordance with FASB’s ASC Topic 718, Stock-based Compensation (ASC Topic 718). | |||||||||||
| Compensation Actually Paid vs. Total Shareholder Return [Text Block] | ||||||||||||
| Compensation Actually Paid vs. Net Income [Text Block] | ||||||||||||
| Tabular List [Table Text Block] | Performance Measures The table below sets forth our most important performance measures used to link “Compensation Actually Paid” for our NEOs to company performance, over the fiscal year ending December 31, 2022. Please see the Compensation Discussion & Analysis section above for further information regarding these performance measures and their function in our executive compensation program. The performance measures included in this table are not ranked by relative importance. IMPORTANT FINANCIAL PERFORMANCE MEASURES Relative TSR Net Debt / LTM EBITDAX Absolute Annualized TSR (LOE + Cash G&A) / Boe Free Cash Flow F&D Costs ($ / Boe) Cash Return on Capital Employed | |||||||||||
| Total Shareholder Return Amount | [3] | $ 32 | 129 | 204 | ||||||||
| Peer Group Total Shareholder Return Amount | [3] | 64 | 106 | 154 | ||||||||
| Net Income (Loss) | $ 749,840,000 | $ 138,175,000 | (685,199,000) | |||||||||
| Company Selected Measure Amount | [4] | 569,917 | 206,671 | (64,230) | ||||||||
| Measure [Axis]: 1 | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Measure Name | Relative TSR | |||||||||||
| Measure [Axis]: 2 | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Measure Name | Absolute Annualized TSR | |||||||||||
| Measure [Axis]: 3 | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Measure Name | Free Cash Flow | |||||||||||
| Measure [Axis]: 4 | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Measure Name | Cash Return on Capital Employed | |||||||||||
| Measure [Axis]: 5 | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Measure Name | Net Debt / LTM EBITDAX | |||||||||||
| Measure [Axis]: 6 | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Measure Name | (LOE + Cash G&A) / Boe | |||||||||||
| Measure [Axis]: 7 | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Measure Name | F&D Costs ($ / Boe) | |||||||||||
| William M Hickey [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| PEO Total Compensation Amount | [5] | $ 25,512,520 | ||||||||||
| PEO Actually Paid Compensation Amount | [2],[5] | 33,915,382 | ||||||||||
| James H Walter [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| PEO Total Compensation Amount | [5] | 25,512,520 | ||||||||||
| PEO Actually Paid Compensation Amount | [2],[5] | 33,915,382 | ||||||||||
| Sean R Smith [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| PEO Total Compensation Amount | [5] | $ 21,833,431 | $ 6,606,273 | $ 8,677,260 | ||||||||
| PEO Actually Paid Compensation Amount | [2],[5] | 51,416,285 | 9,557,071 | 42,802,771 | ||||||||
| Mark G Papa [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| PEO Total Compensation Amount | [5] | $ 324,805 | ||||||||||
| PEO Actually Paid Compensation Amount | [2],[5] | 716,865 | ||||||||||
| PEO [Member] | William M Hickey [Member] | Remove Value of Equity Awards Granted [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Adjustment to Compensation Amount | [6] | (25,512,520) | ||||||||||
| PEO [Member] | William M Hickey [Member] | Prior Year Equity Award Adjustments [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Adjustment to Compensation Amount | [7] | 33,915,382 | ||||||||||
| PEO [Member] | James H Walter [Member] | Remove Value of Equity Awards Granted [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Adjustment to Compensation Amount | [6] | (25,512,520) | ||||||||||
| PEO [Member] | James H Walter [Member] | Prior Year Equity Award Adjustments [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Adjustment to Compensation Amount | [7] | $ 33,915,382 | ||||||||||
| PEO [Member] | Sean R Smith [Member] | Remove Value of Equity Awards Granted [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Adjustment to Compensation Amount | [6] | (14,495,295) | (5,242,233) | (6,590,088) | ||||||||
| PEO [Member] | Sean R Smith [Member] | Prior Year Equity Award Adjustments [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Adjustment to Compensation Amount | [7] | $ 44,078,149 | $ 8,193,031 | 40,715,599 | ||||||||
| PEO [Member] | Mark G Papa [Member] | Prior Year Equity Award Adjustments [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Adjustment to Compensation Amount | [7] | $ 392,060 | ||||||||||
| Non-PEO NEO [Member] | Remove Value of Equity Awards Granted [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Adjustment to Compensation Amount | [6] | $ (5,093,653) | (2,240,258) | (1,824,259) | ||||||||
| Non-PEO NEO [Member] | Prior Year Equity Award Adjustments [Member] | ||||||||||||
| Pay vs Performance Disclosure [Table] | ||||||||||||
| Adjustment to Compensation Amount | [7] | $ 15,544,197 | $ 14,881,574 | $ 2,842,238 | ||||||||
| [1] (3) For 2022, the other NEOs were Messrs. Glyphis, Garrison, Jensen, Bell and O’Connor. For 2021 and 2020, the other NEOs were Messrs. Glyphis, Garrison, Jensen and O’Connor. (2) The dollar amounts reported in this column represent the amount of Compensation Actually Paid (CAP), as defined and calculated under applicable SEC rules, for each CEO and the average for the other NEOs. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our NEOs. In accordance with the requirements of Item 402(v) of Regulation S-K, CAP is based on the Summary Compensation Table (SCT) pay, as adjusted for the fair market value of equity awards as of December 31, 2020, 2021 and 2022. Our NEOs do not participate in benefit programs requiring an adjustment for pension benefits calculation. The following table provides the adjustments made between SCT pay and CAP: Year CEO / NEO Summary Compensation Table Total Remove Value of Equity Awards Granted (a) Prior Year Equity Award Adjustments (b) Compensation Actually Paid 2022 Hickey 25,512,520 (25,512,520) 33,915,382 33,915,382 Walter 25,512,520 (25,512,520) 33,915,382 33,915,382 Smith 21,833,431 (14,495,295) 44,078,149 51,416,285 Other NEOs 6,674,297 (5,093,653) 15,544,197 17,124,841 2021 Smith 8,677,260 (6,590,088) 40,715,599 42,802,771 Other NEOs 3,236,810 (2,240,258) 14,881,574 15,878,126 2020 Smith 6,606,273 (5,242,233) 8,193,031 9,557,071 Papa 324,805 — 392,060 716,865 Other NEOs 2,542,616 (1,824,259) 2,842,238 3,560,595 (a) Represents the grant date fair value and average grant date fair value of the equity awards granted to the CEO and NEOs, respectively. (b) Reflects the fair value/change in fair value of the awards at year end or upon vesting/forfeiture, computed in accordance with FASB’s ASC Topic 718, Stock-based Compensation (ASC Topic 718). (4) Total Shareholder Return is determined based on the value of an initial fixed investment of $100. The Peer Group Total Shareholder Return represents the total shareholder return of the SPDR S&P Oil & Gas Exploration & Production ETF. (5) (1) (a) Represents the grant date fair value and average grant date fair value of the equity awards granted to the CEO and NEOs, respectively. (b) Reflects the fair value/change in fair value of the awards at year end or upon vesting/forfeiture, computed in accordance with FASB’s ASC Topic 718, Stock-based Compensation (ASC Topic 718). | ||||||||||||
