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

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.

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