Luxe Energy Files SC 13D/A for Permian Resources
Ticker: PR · Form: SC 13D/A · Filed: May 17, 2024 · CIK: 1658566
Sentiment: neutral
Topics: ownership-change, sec-filing, energy
Related Tickers: PR
TL;DR
Luxe Energy & NGP just amended their 13D filing for Permian Resources. Watch this space.
AI Summary
On May 17, 2024, Luxe Energy, LLC, along with several affiliated entities including NGP Energy Capital Management, L.L.C., filed an SC 13D/A amendment. This filing relates to their beneficial ownership of Permian Resources Corp. (formerly Centennial Resource Development, Inc. and Silver Run Acquisition Corp.). The filing indicates a change in reporting or ownership status concerning Permian Resources Corp.
Why It Matters
This filing signals a potential shift in control or significant stakeholding in Permian Resources Corp., which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — SC 13D filings often indicate significant ownership changes or activist intentions, which can introduce volatility.
Key Players & Entities
- Luxe Energy, LLC (company) — Filer of the SC 13D/A amendment
- Permian Resources Corp (company) — Subject company of the filing
- NGP Energy Capital Management, L.L.C. (company) — Affiliated entity involved in the filing
- Centennial Resource Development, Inc. (company) — Former name of Permian Resources Corp
- Silver Run Acquisition Corp (company) — Former name of Permian Resources Corp
FAQ
What specific changes are detailed in this SC 13D/A amendment filed on May 17, 2024?
The filing is an amendment to a previous SC 13D filing, indicating a change in reporting or ownership status for Luxe Energy, LLC and its affiliates concerning Permian Resources Corp. Specific details of the change are not provided in the header information.
Who are the primary filers of this SC 13D/A amendment?
The primary filers include Luxe Energy, LLC and various affiliated entities such as G.F.W. ENERGY XI, L.P, G.F.W. ENERGY XII, L.P, GFW XI, L.L.C, GFW XII, L.L.C, and multiple NGP Energy Capital Management entities.
What is the subject company of this filing?
The subject company is Permian Resources Corp., with Central Index Key 0001658566.
What were the previous names of Permian Resources Corp. mentioned in the filing?
Permian Resources Corp. was formerly known as Centennial Resource Development, Inc. (name change on 20161019) and Silver Run Acquisition Corp (name change on 20151117).
What is the business address and phone number for Permian Resources Corp. as listed in the filing?
The business address for Permian Resources Corp. is 1001 Seventeenth Street, Suite 1800, Denver, CO 80202, and the business phone number is 720-499-1400.
Filing Stats: 5,064 words · 20 min read · ~17 pages · Grade level 11.1 · Accepted 2024-05-17 16:53:52
Key Financial Figures
- $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti
- $16.47 — Offering), at a price to the public of $16.47 per share. The May Offering was made pu
- $216,744,000.00 — d Luxe Energy LLC received an aggregate $216,744,000.00 (or $16.42 per share) from the sale of
- $16.42 — ceived an aggregate $216,744,000.00 (or $16.42 per share) from the sale of Class A Com
Filing Documents
- d802758dsc13da.htm (SC 13D/A) — 237KB
- d802758dex101.htm (EX-10.1) — 34KB
- d802758dex103.htm (EX-10.3) — 19KB
- 0001193125-24-141827.txt ( ) — 293KB
is hereby amended by adding the following
Item 4 is hereby amended by adding the following: The information set forth in amended Item 6 below is incorporated by reference herein. May Offering On May 15, 2024, NGP XI US Holdings, L.P., NGP Pearl Holdings II, L.L.C. and Luxe Energy LLC and certain other selling stockholders named therein (collectively, the May Selling Stockholders) and the Issuer and Goldman Sachs & Co. LLC (the May Underwriter) entered into an underwriting agreement (the May Underwriting Agreement), pursuant to which the May Selling Stockholders agreed to sell to the May Underwriter, and the May Underwriter agreed to purchase from the May Selling Stockholders, subject to and upon the terms and conditions set forth therein, an aggregate 51,765,000 shares of Class A Common Stock (the May Offering), at a price to the public of $16.47 per share. The May Offering was made pursuant to a registration statement previously filed by the Issuer with the SEC that became automatically effective on November 8, 2023, by means of a prospectus that meets the requirements under the Securities Act. The May Offering was consummated on May 15, 2024. NGP XI US Holdings, L.P., NGP Pearl Holdings II, L.L.C. and Luxe Energy LLC received an aggregate $216,744,000.00 (or $16.42 per share) from the sale of Class A Common Stock. Concurrently with the May Offering and pursuant to the May Repurchase Agreement (as defined below), Opco agreed to purchase from certain of the May Selling Stockholders an aggregate 1,800,000 Opco Common Units and a corresponding number of shares of Class C Common Stock, at a price per Opco Common Unit equal to the price per share at which the May Underwriter agreed to purchase shares of Class A Common Stock in the May Offering. The May Offering and the concurrent Opco Common Unit repurchase closed on May 15, 2024. The May Underwriting Agreement contains customary representations, warranties and agreements of the Issuer and the May Selling Stockholders and other customary obligations o