Home > Insider Trading > Latest 13D and 13G Filings > 13D Filing (0001104659-23-032266)

Filing Details

Accession Number:: 0001104659-23-032266
Form Type:: 13D Filing
Publication Date:: 2023-03-13 20:00:00

Filed By:: Riverstone Holdings Llc
Company:: Permian Resources Corp (NASDAQ:PR)
Filing Date:: 2023-03-14
SEC Url:: 13D Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Shared Voting Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Silver Run Sponsor	2,006,422	2,006,422	2,006,422	0.7%
Silver Run Sponsor Manager	2,006,422	2,006,422	2,006,422	0.7%
REL US Centennial Holdings	10,052,173	10,052,173	10,052,173	3.3%
REL IP General Partner	10,052,173	10,052,173	10,052,173	3.3%
REL IP General Partner Limited	10,052,173	10,052,173	10,052,173	3.3%
Riverstone Energy Limited Investment Holdings	10,052,173	10,052,173	10,052,173	3.3%
Riverstone Holdings II (Cayman) Limited	10,052,173	10,052,173	10,052,173	3.3%
Riverstone Non-ECI USRPI AIV	4,129,918	4,129,918	4,129,918	1.3%
Riverstone Non-ECI USRPI AIV GP	4,129,918	4,129,918	4,129,918	1.3%
Riverstone Non-ECI Partners GP (Cayman)	4,129,918	4,129,918	4,129,918	1.3%
Riverstone Non-ECI GP Cayman	4,129,918	4,129,918	4,129,918	1.3%
Riverstone Non-ECI GP Ltd	4,129,918	4,129,918	4,129,918	1.3%
Riverstone VI Centennial QB Holdings	41,084,578	41,084,578	41,084,578	13.4%
Riverstone Energy Partners VI	41,084,578	41,084,578	41,084,578	13.4%
Riverstone Energy GP VI	41,084,578	41,084,578	41,084,578	13.4%
Riverstone Energy GP VI Corp	41,084,578	41,084,578	41,084,578	13.4%
Riverstone Holdings	43,091,000	43,091,000	43,091,000	14.0%
Riverstone Gower Mgmt Co Holdings	53,143,173	53,143,173	53,143,173	17.3%
Riverstone Management Group	53,143,173	53,143,173	53,143,173	17.3%
David M. Leuschen	58,227,600	58,227,600	58,227,600	19.0%
Pierre F. Lapeyre, Jr	57,273,091	57,273,091	57,273,091	18.7%

Filing

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. 13)*

Permian Resources Corporation

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

71424F105

(CUSIP Number)

Chris Mathiesen

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 10, 2023

(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.

* 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).

CUSIP No. 71424F105

13D

Page 1 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   2,006,422
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   2,006,422

Aggregate Amount Beneficially Owned by Each Reporting Person

2,006,422

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

0.7%

Type of Reporting Person

OO (Delaware limited liability company)

CUSIP No. 71424F105

13D

Page 2 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   2,006,422
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   2,006,422

Aggregate Amount Beneficially Owned by Each Reporting Person

2,006,422

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

0.7%

Type of Reporting Person

OO (Delaware limited liability company)

CUSIP No. 71424F105

13D

Page 3 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   10,052,173
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   10,052,173

Aggregate Amount Beneficially Owned by Each Reporting Person

10,052,173

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

3.3%

Type of Reporting Person

OO (Delaware limited liability company)

CUSIP No. 71424F105

13D

Page 4 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   10,052,173
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   10,052,173

Aggregate Amount Beneficially Owned by Each Reporting Person

10,052,173

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

3.3%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 5 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   10,052,173
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   10,052,173

Aggregate Amount Beneficially Owned by Each Reporting Person

10,052,173

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

3.3%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 6 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   10,052,173
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   10,052,173

Aggregate Amount Beneficially Owned by Each Reporting Person

10,052,173

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

3.3%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 7 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   10,052,173
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   10,052,173

Aggregate Amount Beneficially Owned by Each Reporting Person

10,052,173

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

3.3%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 8 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   4,129,918
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   4,129,918

Aggregate Amount Beneficially Owned by Each Reporting Person

4,129,918

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

1.3%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 9 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   4,129,918
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   4,129,918

Aggregate Amount Beneficially Owned by Each Reporting Person

4,129,918

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

1.3%

Type of Reporting Person

OO (Delaware limited liability company)

CUSIP No. 71424F105

13D

Page 10 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   4,129,918
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   4,129,918

Aggregate Amount Beneficially Owned by Each Reporting Person

4,129,918

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

1.3%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 11 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   4,129,918
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   4,129,918

Aggregate Amount Beneficially Owned by Each Reporting Person

4,129,918

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

1.3%

Type of Reporting Person

OO (Delaware limited liability company)

CUSIP No. 71424F105

13D

Page 12 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   4,129,918
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   4,129,918

Aggregate Amount Beneficially Owned by Each Reporting Person

4,129,918

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

1.3%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 13 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   41,084,578
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   41,084,578

Aggregate Amount Beneficially Owned by Each Reporting Person

41,084,578

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

13.4%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 14 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   41,084,578
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   41,084,578

Aggregate Amount Beneficially Owned by Each Reporting Person

41,084,578

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

13.4%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 15 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   41,084,578
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   41,084,578

Aggregate Amount Beneficially Owned by Each Reporting Person

41,084,578

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

13.4%

Type of Reporting Person

OO (Delaware limited liability company)

CUSIP No. 71424F105

13D

Page 16 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   41,084,578
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   41,084,578

Aggregate Amount Beneficially Owned by Each Reporting Person

41,084,578

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

13.4%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 17 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   43,091,000
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   43,091,000

Aggregate Amount Beneficially Owned by Each Reporting Person

43,091,000

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

14.0%

Type of Reporting Person

OO (Delaware limited liability company)

CUSIP No. 71424F105

13D

Page 18 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   53,143,173
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   53,143,173

Aggregate Amount Beneficially Owned by Each Reporting Person

53,143,173

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

17.3%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 19 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   53,143,173
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   53,143,173

Aggregate Amount Beneficially Owned by Each Reporting Person

53,143,173

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

17.3%

Type of Reporting Person

OO (Delaware limited liability company)

CUSIP No. 71424F105

13D

Page 20 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   58,227,600
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   58,227,600

Aggregate Amount Beneficially Owned by Each Reporting Person

58,227,600

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

19.0%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 21 of 25 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	7	Sole Voting Power   0
	8	Shared Voting Power   57,273,091
	9	Sole Dispositive Power   0
	10	Shared Dispositive Power   57,273,091

Aggregate Amount Beneficially Owned by Each Reporting Person

57,273,091

Check if the Aggregate Amount in Row (11) Excludes Certain Shares

Percent of Class Represented by Amount in Row (11)

18.7%

Type of Reporting Person

CUSIP No. 71424F105

13D

Page 22 of 25 Pages

Explanatory Note

This Amendment No. 13 to Schedule 13D (this “Amendment No. 13”) 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 2023 Sales.

On March 7, 2023, Riverstone VI Centennial QB Holdings, L.P. (“Riverstone QB Holdings”), REL US Centennial Holdings, LLC (“REL US”), 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 14,320,070 shares of Class A Common Stock at a price of $10.6975 per share (the “Offering”) to J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (together, the “Underwriters”) pursuant to an underwriting agreement dated as of March 7, 2023 (the “Underwriting Agreement”), by and among the Issuer, the Underwriters, the Riverstone Parties and certain other selling stockholders. The Riverstone Parties granted the Underwriters a 30-day option to purchase up to an aggregate of 1,718,408 additional shares of Class A common stock, which was exercised in full and which amount is included in the 14,320,070 shares of Class A Common Stock reported as sold by the Riverstone Parties above. The Offering closed on March 10, 2023.

Pursuant to the Underwriting Agreement, each of the Riverstone Parties has agreed that, subject to specified exceptions, without the prior written consent of the Underwriters, such each Riverstone Party will not, during the period ending 60 days after the date of the final prospectus filed in connection with the Offering: (i) sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of any shares of Class A Common Stock, or any options or warrants to purchase any shares of Class A Common Stock, or any securities convertible into, exchangeable for or that represent the right to receive shares of Class A Common Stock; or (ii) engage in any hedging or other transaction, including any short sale, or any purchase, sale or grant of any put or call option, which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of the Riverstone Party’s shares of Class A Common Stock even if such shares would be disposed of by someone other than the Riverstone Parties.

The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the Underwriting Agreement, which is filed as Exhibit 11 hereto and is incorporated herein by reference.

CUSIP No. 71424F105

13D

Page 23 of 25 Pages

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 306,968,090 shares of Class A Common Stock outstanding as of March 9, 2023, following the Offering.

Reporting Person	Amount beneficially owned		Percent of class			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		Shared power to dispose or to direct the disposition
Silver Run Sponsor, LLC		2,006,422		0.7	%		0		2,006,422		0		2,006,422
Silver Run Sponsor Manager, LLC		2,006,422		0.7	%		0		2,006,422		0		2,006,422
REL US Centennial Holdings, LLC		10,052,173		3.3	%		0		10,052,173		0		10,052,173
REL IP General Partner LP		10,052,173		3.3	%		0		10,052,173		0		10,052,173
REL IP General Partner Limited		10,052,173		3.3	%		0		10,052,173		0		10,052,173
Riverstone Energy Limited Investment Holdings, LP		10,052,173		3.3	%		0		10,052,173		0		10,052,173
Riverstone Holdings II (Cayman) Ltd.		10,052,173		3.3	%		0		10,052,173		0		10,052,173
Riverstone Non-ECI USRPI AIV, L.P.		4,129,918		1.3	%		0		4,129,918		0		4,129,918
Riverstone Non-ECI USRPI AIV GP, L.L.C.		4,129,918		1.3	%		0		4,129,918		0		4,129,918
Riverstone Non-ECI Partners GP (Cayman), L.P.		4,129,918		1.3	%		0		4,129,918		0		4,129,918
Riverstone Non-ECI GP Cayman LLC		4,129,918		1.3	%		0		4,129,918		0		4,129,918
Riverstone Non-ECI GP Ltd.		4,129,918		1.3	%		0		4,129,918		0		4,129,918
Riverstone VI Centennial QB Holdings, L.P.		41,084,578		13.4	%		0		41,084,578		0		41,084,578
Riverstone Energy Partners VI, L.P.		41,084,578		13.4	%		0		41,084,578		0		41,084,578
Riverstone Energy GP VI, LLC		41,084,578		13.4	%		0		41,084,578		0		41,084,578
Riverstone Energy GP VI Corp		41,084,578		13.4	%		0		41,084,578		0		41,084,578
Riverstone Holdings LLC		43,091,000		14.0	%		0		43,091,000		0		43,091,000
Riverstone/Gower Mgmt Co Holdings, L.P.		53,143,173		17.3	%		0		53,143,173		0		53,143,173
Riverstone Management Group, L.L.C.		53,143,173		17.3	%		0		53,143,173		0		53,143,173
David M. Leuschen		58,227,600		19.0	%		0		58,227,600		0		58,227,600
Pierre F. Lapeyre Jr.		57,273,091		18.7	%		0		57,273,091		0		57,273,091

Silver Run Sponsor is the record holder of 2,006,422 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 4,129,918 shares of Class A Common Stock. Riverstone QB Holdings is the record holder of 41,084,578 shares of Class A Common Stock. David M. Leuschen is the record holder of 954,509 shares of Class A Common Stock.

CUSIP No. 71424F105

13D

Page 24 of 25 Pages

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.

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.

CUSIP No. 71424F105

13D

Page 25 of 25 Pages

Item 7.

Materials to be Filed as Exhibits

Exhibit  Number		Description
12		Underwriting Agreement, dated as of March 7, 2023, by and among Riverstone VI Centennial QB Holdings, L.P., REL US Centennial Holdings, LLC, Riverstone Non-ECI USRPI AIV, L.P., Silver Run Sponsor, LLC, David M. Leuschen, NGP Centennial Follow-On LLC, the Issuer and J.P. Morgan Securities LLC (incorporated by reference to Exhibit 99.1 to the Issuer’s current report on Form 8-K filed on March 8, 2023).

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 14, 2023

	Silver Run Sponsor, LLC
	By:	Silver Run Sponsor Manager, LLC, its managing member

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Managing Director


	Silver Run Sponsor Manager, LLC

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	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/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Director


	REL IP General Partner LP
	By:	REL IP General Partner Limited, its general partner

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Director


	REL IP General Partner Limited

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Director

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/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Managing Director


	Riverstone Non-ECI USRPI AIV GP, L.L.C.

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	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/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Director

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/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Director


	Riverstone Non-ECI GP Ltd.

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	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/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Managing Director


	Riverstone Energy Partners VI, L.P.
	By:	Riverstone Energy GP VI, LLC, its general partner

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Managing Director


	Riverstone Energy GP VI, LLC

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Managing Director


	Riverstone Energy GP VI Corp

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Vice President

CUSIP No. 71424F105

13D

Page 4 of 4 Pages

	Riverstone Holdings LLC

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Authorized Person


	Riverstone/Gower Mgmt Co Holdings, L.P.
	By:	Riverstone Management Group, L.L.C., its general partner

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Manager


	Riverstone Management Group, L.L.C.

	By:	/s/ Peter Haskopoulos
	Name:	Peter Haskopoulos
	Title:	Manager


	David M. Leuschen

	By:	/s/ David M. Leuschen


	Pierre F. Lapeyre, Jr.

	By:	/s/ Pierre F. Lapeyre