Latham Advises on Permian Resources’ Secondary Public Offering of Class A Common Stock

Permian Resources Corporation (Permian Resources) (NYSE: PR) has announced the pricing of an underwritten public offering of an aggregate 21,450,000 shares of its Class A Common Stock, par value US$0.0001 per share (Class A common stock), at a price to the public of US$13.05 per share, by certain affiliates of NGP Energy Capital Management, L.L.C. (the Selling Stockholders). Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom. The Selling Stockholders also granted the underwriters a 30-day option to purchase up to an additional aggregate 3,217,500 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions.

Latham & Watkins LLP represents the underwriters in the transaction with a deal team led by Houston partners John Greer and Bill Finnegan, with associates Daniel Harrist, Michael Pascual, Carol Bale, and Jeffrey Romano. Advice was also provided on tax matters by Houston partner Jim Cole, with associate Dylan White; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Joseph Kmetz.