Co-Chief Executive Officer & Director, Permian Resources
Search every verified William Hickey interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a September 2022 CNBC interview, Permian Resources co-CEO Will Hickey discussed the company's strategy following its merger. Hickey stated that the company aims to grow crude oil production by about 10% in the fourth quarter of 2023 over the prior year while generating $1.1 to $1.3 billion in free cash flow. He said the company can "grow and return meaningful capital to shareholders," describing returning capital as "in our DNA" and projecting a 14% to 15% all-in return of capital yield with a dividend yield approaching 2.5%. Hickey described the merger as "way better than an IPO," saying it built "a bigger, better company than we ever could have done on our own." He noted that the company is cutting costs through operational synergies and that both pre-merger businesses were "very, very good at what they were doing." Hickey expressed confidence in the company's assets in the Delaware Basin, stating that at $75 to $80 oil, Permian Resources can sustain production levels "indefinitely." He attributed this confidence to being in "the lowest break-even basin in the U.S." and cited "years of underinvestment in the space" as a supportive factor for demand.
“We’re in the position we can grow and return meaningful capital to shareholders. Returning capital is in our DNA. We founded the predecessor to Permian Resources with maximizing investor return through distribution. I think you’re probably looking at 14% or 15% all in return of capital yield with a dividend yield appro...”
“We have one of the highest quality assets in the entire Permian Basin. At $75 or $80 we can sustain this production level indefinitely. We think the Permian Basin is the best basin in North America.”
“We’re cutting a lot of costs out of the business, really from operational synergies. Both businesses were very, very good at what they were doing pre-merger. We’ve been really surprised as we laid best practices next to each other, there’s a lot of extra fat we can cut, and we can adopt the best things Centennial did,...”
“Will has a technical background. He spent most of his career prior to starting Colgate at Pioneer Natural Resources. He receives engineering, production, operation, geology. I have a transactional background, M&A, legal, ground. It works really well. I think that’s a great part of our success story.”
Permian Resources co-CEOs James Walter and Will Hickey join CNBC's 'Squawk on the Street' to discuss the company's debut ...
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