Vinson & Elkins Represents Permian Resources in Public Stock Offering
Vinson & Elkins advised Permian Resources Corporation (the “Company”) and certain affiliates of NGP Energy Capital Management L.L.C., Riverstone Investment Group LLC and EnCap Investments L.P. as selling stockholders in connection with an underwritten public offering of an aggregate of 39,414,415 shares of the Company’s Class A common stock by such selling stockholders, resulting in approximately $509.6 million of aggregate proceeds to the selling stockholders before expenses.
Concurrently with the closing of the offering, the Company repurchased 2,252,252 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 December 21, 2023.
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 partner Wendy Salinas and associate Jeff Slusher; and partner Dario Mendoza and associates Cassandra Zarate and Eric Hechler.
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