11:40 AM EDT, 07/29/2024 (MT Newswires) -- Permian Resources ( PR ) said Monday it priced a public offering of 26.5 million class A common shares at $15.30 apiece.

Concurrently with the offering, the company's Permian Resources Operating unit plans a private placement of $750 million of senior unsecured notes due 2033.

Permian Resources ( PR ) said the equity offering is expected to close Tuesday.

The company said it plans to use the net proceeds from the equity offering, along with part of the net proceeds of the notes offering, to fund a portion of the purchase price for its recently announced acquisition of oil and gas properties, interests and related assets owned by Occidental Petroleum ( OXY ) .

That deal is expected to close in Q3, the company said.