Permian Resources (NYSE:PR) has priced a secondary offering of 21.45 million shares of common stock at $13.05 per share, the company said Wednesday.
Certain affiliates of NGP Energy Capital Management are the selling stockholders in the offering.
The company will not sell any shares in the offering and will not receive any proceeds.
The underwriters have an option to purchase up to an additional 3.218M shares.
Concurrently with the closing of the offering, the company plans to purchase 2.2M common shares from the selling stockholders.
Press Release.