---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-186675"
form_type: "8-K"
ticker: "PR"
cik: "0001658566"
company_name: "Permian Resources Corp"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:44:20.124619+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Permian Resources to acquire Occidental Delaware Basin assets for $817.5M; launches $750M notes & 26.5M-share offerings

## Summary
- Acquires ~29,500 net acres, ~9,900 net royalty acres, ~15,000 Boe/d (~55% oil) for $817.5M cash; closes Q3 2024.
- Acquisition valued at ~3.4x 2025E EBITDAX; expected accretive to cash flow, FCF, and NAV per share.
- Launches $750M senior unsecured notes due 2033 and 26.5M-share public offering to fund acquisition and refinance 7.75% 2026 notes.
- Commences tender offer for all $300M outstanding 7.75% 2026 notes; also plans to redeem any untendered notes by Feb 2025.
- Preliminary Q2 2024: oil output 152.1-153.6 MBbl/d, capex $511-522M, controllable cash costs $7.41-7.49/Boe.

## SEC filing metadata
- accession: 0001193125-24-186675
- form_type: 8-K
- ticker: PR
- cik: 0001658566
- company_name: Permian Resources Corp
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1658566/000119312524186675/0001193125-24-186675-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1658566/000119312524186675/d821499d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-186675
- JSON: https://secwatch.observer/filing/0001193125-24-186675.json
- Plain text: https://secwatch.observer/filing/0001193125-24-186675.txt

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