Permian Resources Corp — Major Shareholding Notification 2024

Mar 9, 2024

SC 13D/A 1 tm248310d1_sc13da.htm SC 13D/A

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United States

Securities and Exchange Commission

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

Information to be Included in Statements Filed Pursuant to § 240.13d-1(a) and Amendments Thereto Filed Pursuant to § 240.13d-2(a)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 16)*

Permian Resources Corporation

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

71424F105

(CUSIP Number)

Christina Shalhoub

c/o Riverstone Holdings LLC

712 Fifth Avenue, 36th Floor

New York, NY 10019

(212) 993-0076

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 6, 2024

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

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• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes ).

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CUSIP No. 71424F105 13D Page 1 of 24 Pages

1	Names of Reporting Persons Silver Run Sponsor, LLC
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 1,866,331
9	Sole Dispositive Power 0
10	Shared Dispositive Power 1,866,331

11	Aggregate Amount Beneficially Owned by Each Reporting Person 1,866,331
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 0.3%
14	Type of Reporting Person OO (Delaware limited liability company)

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CUSIP No. 71424F105 13D Page 2 of 24 Pages

1	Names of Reporting Persons Silver Run Sponsor Manager, LLC
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 1,866,331
9	Sole Dispositive Power 0
10	Shared Dispositive Power 1,866,331

11	Aggregate Amount Beneficially Owned by Each Reporting Person 1,866,331
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 0.3%
14	Type of Reporting Person OO (Delaware limited liability company)

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CUSIP No. 71424F105 13D Page 3 of 24 Pages

1	Names of Reporting Persons REL US Centennial Holdings, LLC
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 10,052,173
9	Sole Dispositive Power 0
10	Shared Dispositive Power 10,052,173

11	Aggregate Amount Beneficially Owned by Each Reporting Person 10,052,173
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 1.7%
14	Type of Reporting Person OO (Delaware limited liability company)

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CUSIP No. 71424F105 13D Page 4 of 24 Pages

1	Names of Reporting Persons REL IP General Partner LP
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Cayman Islands

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 10,052,173
9	Sole Dispositive Power 0
10	Shared Dispositive Power 10,052,173

11	Aggregate Amount Beneficially Owned by Each Reporting Person 10,052,173
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 1.7%
14	Type of Reporting Person PN

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CUSIP No. 71424F105 13D Page 5 of 24 Pages

1	Names of Reporting Persons REL IP General Partner Limited
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Cayman Islands

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 10,052,173
9	Sole Dispositive Power 0
10	Shared Dispositive Power 10,052,173

11	Aggregate Amount Beneficially Owned by Each Reporting Person 10,052,173
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 1.7%
14	Type of Reporting Person CO

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CUSIP No. 71424F105 13D Page 6 of 24 Pages

1	Names of Reporting Persons Riverstone Energy Limited Investment Holdings, LP
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Cayman Islands

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 10,052,173
9	Sole Dispositive Power 0
10	Shared Dispositive Power 10,052,173

11	Aggregate Amount Beneficially Owned by Each Reporting Person 10,052,173
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 1.7%
14	Type of Reporting Person PN

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CUSIP No. 71424F105 13D Page 7 of 24 Pages

1	Names of Reporting Persons Riverstone Holdings II (Cayman) Limited
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Cayman Islands

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 10,052,173
9	Sole Dispositive Power 0
10	Shared Dispositive Power 10,052,173

11	Aggregate Amount Beneficially Owned by Each Reporting Person 10,052,173
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 1.7%
14	Type of Reporting Person CO

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CUSIP No. 71424F105 13D Page 8 of 24 Pages

1	Names of Reporting Persons Riverstone Non-ECI USRPI AIV, L.P.
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 3,190,946
9	Sole Dispositive Power 0
10	Shared Dispositive Power 3,190,946

11	Aggregate Amount Beneficially Owned by Each Reporting Person 3,190,946
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 0.6%
14	Type of Reporting Person PN

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CUSIP No. 71424F105 13D Page 9 of 24 Pages

1	Names of Reporting Persons Riverstone Non-ECI USRPI AIV GP, L.L.C.
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 3,190,946
9	Sole Dispositive Power 0
10	Shared Dispositive Power 3,190,946

11	Aggregate Amount Beneficially Owned by Each Reporting Person 3,190,946
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 0.6%
14	Type of Reporting Person OO (Delaware limited liability company)

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CUSIP No. 71424F105 13D Page 10 of 24 Pages

1	Names of Reporting Persons Riverstone Non-ECI Partners GP (Cayman), L.P.
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Cayman Islands

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 3,190,946
9	Sole Dispositive Power 0
10	Shared Dispositive Power 3,190,946

11	Aggregate Amount Beneficially Owned by Each Reporting Person 3,190,946
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 0.6%
14	Type of Reporting Person PN

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CUSIP No. 71424F105 13D Page 11 of 24 Pages

1	Names of Reporting Persons Riverstone Non-ECI GP Cayman LLC
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 3,190,946
9	Sole Dispositive Power 0
10	Shared Dispositive Power 3,190,946

11	Aggregate Amount Beneficially Owned by Each Reporting Person 3,190,946
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 0.6%
14	Type of Reporting Person OO (Delaware limited liability company)

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CUSIP No. 71424F105 13D Page 12 of 24 Pages

1	Names of Reporting Persons Riverstone Non-ECI GP Ltd.
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Cayman Islands

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 3,190,946
9	Sole Dispositive Power 0
10	Shared Dispositive Power 3,190,946

11	Aggregate Amount Beneficially Owned by Each Reporting Person 3,190,946
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 0.6%
14	Type of Reporting Person CO

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CUSIP No. 71424F105 13D Page 13 of 24 Pages

1	Names of Reporting Persons Riverstone VI Centennial QB Holdings, L.P.
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 31,743,637
9	Sole Dispositive Power 0
10	Shared Dispositive Power 31,743,637

11	Aggregate Amount Beneficially Owned by Each Reporting Person 31,743,637
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 5.5%
14	Type of Reporting Person PN

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CUSIP No. 71424F105 13D Page 14 of 24 Pages

1	Names of Reporting Persons Riverstone Energy Partners VI, L.P.
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 31,743,637
9	Sole Dispositive Power 0
10	Shared Dispositive Power 31,743,637

11	Aggregate Amount Beneficially Owned by Each Reporting Person 31,743,637
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 5.5%
14	Type of Reporting Person PN

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CUSIP No. 71424F105 13D Page 15 of 24 Pages

1	Names of Reporting Persons Riverstone Energy GP VI, LLC
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 31,743,637
9	Sole Dispositive Power 0
10	Shared Dispositive Power 31,743,637

11	Aggregate Amount Beneficially Owned by Each Reporting Person 31,743,637
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 5.5%
14	Type of Reporting Person OO (Delaware limited liability company)

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CUSIP No. 71424F105 13D Page 16 of 24 Pages

1	Names of Reporting Persons Riverstone Energy GP VI Corp
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 31,743,637
9	Sole Dispositive Power 0
10	Shared Dispositive Power 31,743,637

11	Aggregate Amount Beneficially Owned by Each Reporting Person 31,743,637
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 5.5%
14	Type of Reporting Person CO

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CUSIP No. 71424F105 13D Page 17 of 24 Pages

1	Names of Reporting Persons Riverstone Holdings LLC
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 33,609,968
9	Sole Dispositive Power 0
10	Shared Dispositive Power 33,609,968

11	Aggregate Amount Beneficially Owned by Each Reporting Person 33,609,968
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 5.8%
14	Type of Reporting Person OO (Delaware limited liability company)

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CUSIP No. 71424F105 13D Page 18 of 24 Pages

1	Names of Reporting Persons Riverstone/Gower Mgmt Co Holdings, L.P.
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 43,662,141
9	Sole Dispositive Power 0
10	Shared Dispositive Power 43,662,141

11	Aggregate Amount Beneficially Owned by Each Reporting Person 43,662,141
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 7.5%
14	Type of Reporting Person PN

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CUSIP No. 71424F105 13D Page 19 of 24 Pages

1	Names of Reporting Persons Riverstone Management Group, L.L.C.
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 43,662,141
9	Sole Dispositive Power 0
10	Shared Dispositive Power 43,662,141

11	Aggregate Amount Beneficially Owned by Each Reporting Person 43,662,141
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 7.5%
14	Type of Reporting Person OO (Delaware limited liability company)

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CUSIP No. 71424F105 13D Page 20 of 24 Pages

1	Names of Reporting Persons David M. Leuschen
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization United States

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 47,596,969
9	Sole Dispositive Power 0
10	Shared Dispositive Power 47,596,969

11	Aggregate Amount Beneficially Owned by Each Reporting Person 47,596,969
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 8.2%
14	Type of Reporting Person IN

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CUSIP No. 71424F105 13D Page 21 of 24 Pages

1	Names of Reporting Persons Pierre F. Lapeyre, Jr.
2	Check the Appropriate Box if a Member of a Group	(a) ¨ (b) ¨
3	SEC Use Only
4	Source of Funds (See Instructions) OO
5	Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ¨
6	Citizenship or Place of Organization United States

Number of Shares Beneficially Owned by Each Reporting Person With	Sole Voting Power 0
8	Shared Voting Power 46,853,087
9	Sole Dispositive Power 0
10	Shared Dispositive Power 46,853,087

11	Aggregate Amount Beneficially Owned by Each Reporting Person 46,853,087
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares	¨
13	Percent of Class Represented by Amount in Row (11) 8.1%
14	Type of Reporting Person IN

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CUSIP No. 71424F105 13D Page 22 of 24 Pages

Explanatory Note

This Amendment No. 16 to Schedule 13D (this “Amendment No. 16”) amends and supplements the statement on Schedule 13D filed with the United States Securities and Exchange Commission on October 21, 2016 (as amended to date, the “Schedule 13D”), relating to the Class A Common Stock (the “Class A Common Stock”) of Permian Resources Corporation (formerly known as Centennial Resource Development, Inc.) (the “Issuer”). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.

Item 4. Purpose of Transaction.

Item 4 of the Schedule 13D is amended and supplemented as follows:

March 2024 Sales

On March 6, 2024, the previously disclosed Offering (as defined below) closed, in which Riverstone VI Centennial QB Holdings, L.P. (“Riverstone QB Holdings”), Riverstone Non-ECI USRPI AIV, L.P. (“Riverstone Non-ECI”), Silver Run Sponsor, LLC (“Silver Run Sponsor”), and David M. Leuschen (collectively, the “Riverstone Parties”) sold an aggregate of 5,000,000 shares of Class A Common Stock at a price of $15.71 per share (the “Offering”) to Goldman Sachs & Co. LLC (the “Underwriter”) pursuant to an underwriting agreement dated as of March 4, 2024 (the “Underwriting Agreement”), by and among the Issuer, the Underwriter, the Riverstone Parties and certain other selling stockholders.

Item 5. Interest in Securities of the Issuer.

Item 5 of the Schedule 13D is amended and restated in its entirety as follows:

(a) – (b)

The following sets forth, as of the date hereof, the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Class A Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 579,901,309 shares of Class A Common Stock outstanding as of March 6, 2024, following the Offering.

Reporting Person — Silver Run Sponsor, LLC	1,866,331	0.3 %	0	1,866,331	0	1,866,331
Silver Run Sponsor Manager, LLC	1,866,331	0.3 %	0	1,866,331	0	1,866,331
REL US Centennial Holdings, LLC	10,052,173	1.7 %	0	10,052,173	0	10,052,173
REL IP General Partner LP	10,052,173	1.7 %	0	10,052,173	0	10,052,173
REL IP General Partner Limited	10,052,173	1.7 %	0	10,052,173	0	10,052,173
Riverstone Energy Limited Investment Holdings, LP	10,052,173	1.7 %	0	10,052,173	0	10,052,173
Riverstone Holdings II (Cayman) Ltd.	10,052,173	1.7 %	0	10,052,173	0	10,052,173
Riverstone Non-ECI USRPI AIV, L.P.	3,190,946	0.6 %	0	3,190,946	0	3,190,946
Riverstone Non-ECI USRPI AIV GP, L.L.C.	3,190,946	0.6 %	0	3,190,946	0	3,190,946
Riverstone Non-ECI Partners GP (Cayman), L.P.	3,190,946	0.6 %	0	3,190,946	0	3,190,946
Riverstone Non-ECI GP Cayman LLC	3,190,946	0.6 %	0	3,190,946	0	3,190,946
Riverstone Non-ECI GP Ltd.	3,190,946	0.6 %	0	3,190,946	0	3,190,946
Riverstone VI Centennial QB Holdings, L.P.	31,743,637	5.5 %	0	31,743,637	0	31,743,637
Riverstone Energy Partners VI, L.P.	31,743,637	5.5 %	0	31,743,637	0	31,743,637
Riverstone Energy GP VI, LLC	31,743,637	5.5 %	0	31,743,637	0	31,743,637
Riverstone Energy GP VI Corp	31,743,637	5.5 %	0	31,743,637	0	31,743,637
Riverstone Holdings LLC	33,609,968	5.8 %	0	33,609,968	0	33,609,968
Riverstone/Gower Mgmt Co Holdings, L.P.	43,662,141	7.5 %	0	43,662,141	0	43,662,141
Riverstone Management Group, L.L.C.	43,662,141	7.5 %	0	43,662,141	0	43,662,141
David M. Leuschen	47,596,969	8.2 %	0	47,596,969	0	47,596,969
Pierre F. Lapeyre Jr.	46,853,087	8.1 %	0	46,853,087	0	46,853,087

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CUSIP No. 71424F105 13D Page 23 of 24 Pages

Silver Run Sponsor is the record holder of 1,866,331 shares of Class A Common Stock. REL US is the record holder of 10,052,173 shares of Class A Common Stock. Riverstone Non-ECI is the record holder of 3,190,946 shares of Class A Common Stock. Riverstone QB Holdings is the record holder of 31,743,637 shares of Class A Common Stock. David M. Leuschen is the record holder of 743,882 shares of Class A Common Stock.

Mr. Leuschen and Mr. Lapeyre are the managing directors of Riverstone Management and have or share voting and investment discretion with respect to the securities beneficially owned by Riverstone Management. Riverstone Management is the general partner of Riverstone/Gower, which is the sole member of Riverstone Holdings and the sole shareholder of Riverstone Holdings II. Riverstone Holdings is the managing member of Silver Run Manager, which is the managing member of Silver Run Sponsor. As such, each of Silver Run Manager, Riverstone Management, Riverstone/Gower, Riverstone Holdings, Mr. Leuschen and Mr. Lapeyre may be deemed to have or share beneficial ownership of the securities held directly by Silver Run Sponsor. Each such entity or person disclaims beneficial ownership of these securities.

Riverstone Holdings is also the sole shareholder of Riverstone Energy Corp, which is the managing member of Riverstone Energy GP, which is the general partner of Riverstone Energy Partners, which is the general partner of Riverstone QB Holdings. As such, each of Riverstone Energy Partners, Riverstone Energy GP, Riverstone Energy Corp, Riverstone Holdings, Riverstone/Gower, Riverstone Management, Mr. Leuschen and Mr. Lapeyre may be deemed to have or share beneficial ownership of the securities held directly by Riverstone QB Holdings. Each such entity or person disclaims beneficial ownership of these securities.

Riverstone Holdings II is the general partner of Riverstone Investment, which is the sole shareholder of REL IP GP, which is the general partner of REL IP, which is the managing member of REL US. As such, each of REL IP, REL IP GP, Riverstone Investments, Riverstone Holdings II, Riverstone/Gower, Riverstone Management, Mr. Leuschen and Mr. Lapeyre may be deemed to have or share beneficial ownership of the securities held directly by REL US. Each such entity or person disclaims beneficial ownership of these securities.

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CUSIP No. 71424F105 13D Page 24 of 24 Pages

Non-ECI GP Ltd. is the sole member of Non-ECI Cayman GP, which is the general partner of Non-ECI Cayman, which is the sole member of Riverstone Non-ECI GP, which is the general partner of Riverstone Non-ECI. Non-ECI GP Ltd. is managed by Mr. Leuschen and Mr. Lapeyre, who have or share voting and investment discretion with respect to the securities held of record by Riverstone Non-ECI. As such, each of Riverstone Non-ECI GP, Non-ECI Cayman, Non-ECI Cayman GP, Non-ECI GP Ltd., Mr. Leuschen and Mr. Lapeyre may be deemed to have or share beneficial ownership of the securities held directly by Riverstone Non-ECI. Each such entity or person disclaims beneficial ownership of these securities.

(c) Except as described in Item 4, during the past 60 days neither the Reporting Persons nor any of the Related Persons has effected any transactions with respect to the Class A Common Stock.

(d) None.

(e) Not applicable.

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CUSIP No. 71424F105 13D Page 1 of 4 Pages

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date : March 8, 2024

Silver Run Sponsor, LLC
By:	Silver Run Sponsor Manager, LLC, its managing member
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Managing Director
Silver Run Sponsor Manager, LLC
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Managing Director
REL US Centennial Holdings, LLC
By:	REL IP General Partner LP, its managing member
By:	REL IP General Partner Limited, its general partner
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Director
REL IP General Partner LP
By:	REL IP General Partner Limited, its general partner
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Director
REL IP General Partner Limited
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Director

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CUSIP No. 71424F105 13D Page 2 of 4 Pages

Riverstone Energy Limited Investment Holdings, LP
By:	Riverstone Holdings II (Cayman) Ltd., its general partner
By:	/s/ David M. Leuschen
Name:	David M. Leuschen
Title:	Director
Riverstone Holdings II (Cayman) Ltd.
By:	/s/ David M. Leuschen
Name:	David M. Leuschen
Title:	Director
Riverstone Non-ECI USRPI AIV, L.P.
By:	Riverstone Non-ECI USRPI AIV GP, L.L.C., its general partner
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Managing Director
Riverstone Non-ECI USRPI AIV GP, L.L.C.
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Managing Director
Riverstone Non-ECI Partners GP (Cayman), L.P.
By:	Riverstone Non-ECI GP Cayman LLC, its general partner
By:	Riverstone Non-ECI GP Ltd., its sole member
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Director

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CUSIP No. 71424F105 13D Page 3 of 4 Pages

Riverstone Non-ECI GP Cayman LLC
By:	Riverstone Non-ECI GP Ltd., its sole member
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Director
Riverstone Non-ECI GP Ltd.
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Director
Riverstone VI Centennial QB Holdings, L.P.
By:	Riverstone Energy Partners VI, L.P., its general partner
By:	Riverstone Energy GP VI, LLC, its general partner
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Managing Director
Riverstone Energy Partners VI, L.P.
By:	Riverstone Energy GP VI, LLC, its general partner
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Managing Director
Riverstone Energy GP VI, LLC
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Managing Director
Riverstone Energy GP VI Corp
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Vice President

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CUSIP No. 71424F105 13D Page 4 of 4 Pages

Riverstone Holdings LLC
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Authorized Person
Riverstone/Gower Mgmt Co Holdings, L.P.
By:	Riverstone Management Group, L.L.C., its general partner
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Manager
Riverstone Management Group, L.L.C.
By:	/s/ Thomas Smith
Name:	Thomas Smith
Title:	Manager
David M. Leuschen
By:	/s/ David M. Leuschen
Pierre F. Lapeyre, Jr.
By:	/s/ Pierre F. Lapeyre

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