Post merging with Earthstone Energy, Permian Resources has completed the liquidation of Canada’s Lynden Energy, a subsidiary of Earthstone. (Source: Shutterstock)
Post merging with Earthstone Energy, Permian Resources has completed the liquidation of Canada’s Lynden Energy, a subsidiary of Earthstone, according to a May 24 press release.
The liquidation will simplify its corporate structure and reduce go-forward tax obligations, Permian Resources said at the time of the Earthstone acquisition.
As a result of the liquidation, Permian Resources has applied to the British Columbia Securities Commission and the Ontario Securities Commission to cease being a reporting issuer in Canadian provinces British Columbia, Alberta and Ontario.
The liquidation has no impact on the company’s previously announced financial and operational results and guidance, Permian Resources said.
Permian Resources continues to be a reporting company under the Securities Exchange Act.
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