---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-241104"
form_type: "8-K"
ticker: "PR"
cik: "0001658566"
company_name: "Permian Resources Corp"
filed_at: "2022-09-08T23:59:59+00:00"
generated_at: "2026-06-23T12:55:16.333890+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Permian Resources closes Colgate Energy merger; stock trades under PR

## Summary
- Colgate unitholder received 269.3M Class C shares, 269.3M OpCo units, and $525M cash.
- Name changed to Permian Resources; Class A common begins trading PR on Nasdaq, moving to NYSE Sep 12.
- Co-CEOs William Hickey III and James Walter appointed; Sean Smith becomes Executive Chairman.
- Credit facility expanded to $1.5B elected commitments; borrowing base increased to $2.5B.
- Authorized Class A shares raised to 1B, Class C to 500M; four former directors resigned.

## SEC filing metadata
- accession: 0001193125-22-241104
- form_type: 8-K
- ticker: PR
- cik: 0001658566
- company_name: Permian Resources Corp
- filed_at: 2022-09-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.01, 3.02, 5.02, 5.03, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/d402395d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-241104
- JSON: https://secwatch.observer/filing/0001193125-22-241104.json
- Plain text: https://secwatch.observer/filing/0001193125-22-241104.txt

## Key facts
- Executive change
  Aron Marquez was appointed as Director at Permian Resources Corp.
  - Action: appointed
  - Role: Director
  source text: the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  Sean R. Smith resigned as Chief Executive Officer at Permian Resources Corp.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: Sean R. Smith resigned as the Chief Executive Officer of the Company and Davis O. O’Connor resigned as the Executive Vice President and General Counsel of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  Pierre F. Lapeyre, Jr. resigned as Director at Permian Resources Corp.
  - Action: resigned
  - Role: Director
  source text: Steven J. Shapiro, Pierre F. Lapeyre, Jr., David M. Leuschen and Vidisha Prasad each resigned from the Board of Directors of Centennial (the “Centennial Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  Sean R. Smith was appointed as Executive Chairman of the Board at Permian Resources Corp.
  - Action: appointed
  - Role: Executive Chairman of the Board
  source text: Sean R. Smith was appointed by the Board as the Executive Chairman of the Board of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  Karan E. Eves was appointed as Director at Permian Resources Corp.
  - Action: appointed
  - Role: Director
  source text: the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  James H. Walter was appointed as Co-Chief Executive Officer at Permian Resources Corp.
  - Action: appointed
  - Role: Co-Chief Executive Officer
  source text: William M. Hickey III and James H. Walter were appointed by the Board to serve as Co-Chief Executive Officers of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  Steven J. Shapiro resigned as Director at Permian Resources Corp.
  - Action: resigned
  - Role: Director
  source text: Steven J. Shapiro, Pierre F. Lapeyre, Jr., David M. Leuschen and Vidisha Prasad each resigned from the Board of Directors of Centennial (the “Centennial Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  William J. Quinn was appointed as Director at Permian Resources Corp.
  - Action: appointed
  - Role: Director
  source text: the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  David M. Leuschen resigned as Director at Permian Resources Corp.
  - Action: resigned
  - Role: Director
  source text: Steven J. Shapiro, Pierre F. Lapeyre, Jr., David M. Leuschen and Vidisha Prasad each resigned from the Board of Directors of Centennial (the “Centennial Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  James H. Walter was appointed as Director at Permian Resources Corp.
  - Action: appointed
  - Role: Director
  source text: the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  William M. Hickey III was appointed as Co-Chief Executive Officer at Permian Resources Corp.
  - Action: appointed
  - Role: Co-Chief Executive Officer
  source text: William M. Hickey III and James H. Walter were appointed by the Board to serve as Co-Chief Executive Officers of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  Davis O. O’Connor resigned as Executive Vice President and General Counsel at Permian Resources Corp.
  - Action: resigned
  - Role: Executive Vice President and General Counsel
  source text: Sean R. Smith resigned as the Chief Executive Officer of the Company and Davis O. O’Connor resigned as the Executive Vice President and General Counsel of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  Vidisha Prasad resigned as Director at Permian Resources Corp.
  - Action: resigned
  - Role: Director
  source text: Steven J. Shapiro, Pierre F. Lapeyre, Jr., David M. Leuschen and Vidisha Prasad each resigned from the Board of Directors of Centennial (the “Centennial Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  William M. Hickey III was appointed as Director at Permian Resources Corp.
  - Action: appointed
  - Role: Director
  source text: the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
- Executive change
  Steven D. Gray was appointed as Director at Permian Resources Corp.
  - Action: appointed
  - Role: Director
  source text: the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.