Permian Resources Corporation
Permian Resources Announces Pricing of Secondary Public Offering
Summary
On May 13, 2024, Permian Resources Corporation announced the pricing of a secondary public offering of 51,765,000 shares of its Class A Common Stock at $16.47 per share. The offering, made by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments, Riverstone Investment Group LLC, and a member of the Company's Board of Directors, is expected to close on May 15, 2024. Permian Resources will not sell any shares and will not receive any proceeds from the offering. Concurrently, the Company agreed to purchase 1,800,000 common units in Permian Resources Operating, LLC, at a price equal to the offering price per share, subject to the completion of the offering.
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About Permian Resources Corporation
Permian Resources Corporation is an energy company focused on the exploration, development, and production of oil and natural gas. Operating primarily in the prolific Permian Basin, a region known for its abundant energy reserves and efficient extraction capabilities, the company plays a significant role in the U.S. energy sector. Permian Resources Corporation employs advanced drilling and completion techniques to maximize output and ensure sustainable resource management. The company's operations significantly contribute to the supply chain of oil and gas, impacting industries ranging from transportation to manufacturing. By implementing innovative technologies and maintaining a keen focus on environmental stewardship, the company strives to optimize its production while adhering to regulatory standards. In the financial market, Permian Resources Corporation is a key player in the oil and gas industry, providing investors with exposure to the energy market's fluctuations. The company’s strategic focus on operational efficiency and its position within one of the nation's most critical oil fields underscore its importance in meeting domestic energy demands and shaping energy policy discussions.
Official SEC Documents
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