Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock

Concurrently with closing, the Company purchased from the NGP Stockholders 2,750,000 common units representing limited liability company interests (“OpCo Units”) in Permian Resources Operating, LLC at a price per OpCo Unit equal to the price per share at which the underwriters purchase shares of Class A common stock in the offering and to cancel a corresponding number of shares of the Company’s Class C common stock. The offering closed on March 10, 2023.

The Vinson & Elkins corporate team was led by partners Doug McWilliams and Jackson O’Maley and senior associate Alex Lewis, with assistance from associates Nate Richards, Delery Perret, Autumn Simpson and Kelli Westmoreland. Also advising were partners John Lynch and Wendy Salinas and associate Jeff Slusher; partner David D’Alessandro and counsel Regina Ibarra; and partner Matt Dobbins and associate Ryan Vanderlip.