Permian Resources Corporation (PR), an independent oil and natural gas company, Monday announced public offering of 26.5 million Class A shares at $0.0001 per share.
Concurrently with the offering, Permian plans to privately place $750.0 million senior unsecured notes due 2033.
The Company intends to use the net proceeds from the equity offering along with a portion from the notes offering to fund its recently announced acquisition of oil and gas properties, interests and related assets owned by Occidental Petroleum Corporation, that is expected to close in the third quarter of 2024. Goldman Sachs & Co. LLC and Morgan Stanley are serving as the underwriters for the equity offering.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.