HOUSTON–(BUSINESS WIRE)–PrimeEnergy Resources Corporation is set to join the broad-market
Russell 3000® Index at the conclusion of the 2019 Russell
indexes annual reconstitution, effective after the US market opens on
July 1, according to a preliminary list of additions posted June 7.
Annual Russell indexes reconstitution captures the 4,000 largest US
stocks as of May 10, ranking them by total market capitalization.
Membership in the US all-cap Russell 3000® Index, which
remains in place for one year, means automatic inclusion in the
large-cap Russell 1000® Index or small-cap Russell 2000®
Index as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. Approximately $9 trillion in assets are benchmarked against
Russell’s US indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell 3000® Index and the
Russell indexes reconstitution, go to the “Russell Reconstitution”
section on the FTSE
Russell website.
About PrimeEnergy Resources Corporation:
PrimeEnergy Resources Corporation is an independent oil and gas company
actively engaged in acquiring, developing and producing oil and natural
gas. The Company’s common stock shares are traded in the NASDAQ stock
market under the symbol “PNRG.”
The Company is headquartered in Houston, Texas, with operating offices
in Midland, Texas, Oklahoma City, Oklahoma, and Charleston, West
Virginia. PrimeEnergy owns leasehold, mineral and royalty interests in
producing and non-producing oil and gas properties across the
continental United States. The Company operates approximately 1,400
active wells and owns non-operating and royalty interests in over 800
additional wells.
Operations are conducted through the Company’s principal offices in
Houston, Texas, and district offices in Oklahoma City, Oklahoma,
Midland, Texas, and Charleston, West Virginia, with field offices in
Oklahoma, Texas and West Virginia. Through its equipment companies, the
Company provides well service support operations, site preparation and
construction services for drilling and re-working operations, both in
connection with the Company’s activities and providing contract services
for third parties.
If you have any questions on this release, please contact Connie Ng at
(713) 735-0000 ext 6416.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide. FTSE
Russell calculates thousands of indexes that measure and benchmark
markets and asset classes in more than 70 countries, covering 98% of the
investable market globally.
FTSE Russell index expertise and products are used extensively by
institutional and retail investors globally. Approximately $16 trillion
is currently benchmarked to FTSE Russell indexes. For over 30 years,
leading asset owners, asset managers, ETF providers and investment banks
have chosen FTSE Russell indexes to benchmark their investment
performance and create ETFs, structured products and index-based
derivatives.
A core set of universal principles guides FTSE Russell index design and
management: a transparent rules-based methodology is informed by
independent committees of leading market participants. FTSE Russell is
focused on applying the highest industry standards in index design and
governance and embraces the IOSCO Principles. FTSE Russell is also
focused on index innovation and customer partnerships as it seeks to
enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com
Contacts
Connie Ng
713-735-0000
