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

December 20, 2023
Texas-based team represents the underwriters in the offering.

Permian Resources Corporation (NYSE: PR) announced the pricing of an underwritten public offering of an aggregate 39,414,415 shares of its Class A Common Stock, par value US$0.0001 per share (Class A common stock), by certain affiliates of NGP Energy Capital Management L.L.C., Riverstone Investment Group LLC, and EnCap Investments L.P., resulting in total gross proceeds of approximately US$512.4 million. Permian Resources will not sell any shares of Class A common stock in the offering and will not receive any proceeds therefrom.

Latham & Watkins LLP is advising the underwriters in the offering with a capital markets team led by Houston partner John Greer and Austin partner David Miller, with associates Dan Harrist, Michael Pascual, Brian Bruzzo, Carol Bale, and David Lee. 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 Josh Marnitz, with associate Nathaniel Glynn.