Pursuant to the previously announced Chief Financial Officer succession plans, the Board of Directors of Permian Resources Corporation (the “Company”) appointed Guy Oliphint as Executive Vice President and Chief Financial Officer of the Company, effective as of the date hereof immediately following the retirement of George Glyphis as the Company’s Executive Vice President and Chief Financial Officer on such date. Mr. Oliphint succeeded Mr. Glyphis, who intends to remain employed as a Senior Advisor to the Company, until his retirement in mid-2023 to ensure a smooth succession. Mr. Oliphint, age 43, has served as Executive Vice President of Finance since January 2023.

Prior to that, Mr. Oliphint was Managing Director and Co-Head of Upstream Americas with Jefferies LLC in the Energy Investment Banking Group since 2018, having served in various other roles after joining the firm in 2003. Mr. Oliphint brings nearly two decades of experience advising upstream energy companies on financial and strategic decisions, including multiple engagements with Colgate and Centennial, the predecessor companies of the Company. Mr. Oliphint graduated from the University of Texas at Austin with a B.B.A. in Business Honors and Finance.