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

Deals & Cases
March 6, 2024
Deals & Cases
March 6, 2024

Vinson & Elkins advised Permian Resources Corporation (the “Company”) and certain selling stockholders in connection with an underwritten public offering of an aggregate of 48,500,000 shares of its Class A common stock par value $0.0001 per share, at a price to the public of $15.76 per share, by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Company’s management.

Concurrently with the closing of the offering, the Company repurchased 2,000,000 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 closed on March 6, 2024.

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, Delery Perret, John Frey, Patience Li and Farzin Khoshravan. Also advising were partners Wendy Salinas and John Lynch and associate Jeff Slusher; and partner Dario Mendoza and associates Cassandra Zarate and Eric Hechler.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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