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

Permian Resources 5_14

Vinson & Elkins advised Permian Resources Corporation (the “Company”) and selling stockholders in connection with an underwritten public offering of an aggregate of 51,765,000 shares of the Company’s Class A common stock by the selling stockholders, at a price to the public of $16.47 per share.

Concurrently with the closing of the offering, the Company repurchased 1,800,000 common units in Permian Resources Operating, LLC at a price per common unit equal to the price per share at which the underwriter purchased shares of Class A common stock in the offering. The offering was priced on May 13, 2024 and is anticipated to close on May 15, 2024. A copy of the pricing press release is below.

The Vinson & Elkins team was led by partners Doug McWilliams and Jackson O’Maley, with assistance from senior associate Alex Lewis and associates Nate Richards, John Frey, Patience Li and Farzin Khoshravan. Also advising were partner Wendy Salinas and associates Jeff Slusher and John Lynch; partner Dario Mendoza and associates Cassandra Zarate and Eric Hechler; and associate Kelly Rondinelli.

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