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NEW YORK - Permian Resources Corporation has priced its previously announced secondary public offering at $13.53 per share for an aggregate of 46,112,899 shares of Class A common stock, according to a press release issued Monday.
Riverstone Energy Limited (REL) confirmed its participation in the offering alongside affiliates of Riverstone Investment Group LLC and other stockholders. The offering is expected to close Tuesday.
The shares are being sold by existing stockholders rather than by Permian Resources itself, making this a secondary offering that will not dilute current shareholders or raise new capital for the company.
The offering is being conducted under a registration statement that became automatically effective upon filing with the U.S. Securities and Exchange Commission on November 8, 2023.
Permian Resources is an independent oil and natural gas company operating in the Permian Basin, one of the most prolific oil-producing regions in the United States.
The press release noted that the offering does not constitute an offer to sell or solicitation to buy shares in jurisdictions where such actions would be unlawful without proper registration or qualification under securities laws.
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