Company in connection with the Transaction. INVESTORS AND SECURITY HOLDERS OF THE COMPANY AND PERMIAN RESOURCES ARE URGED TO READ THE REGISTRATION STATEMENT AND ALL OTHER RELEVANT DOCUMENTS
THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN, OR WILL CONTAIN, IMPORTANT INFORMATION ABOUT THE TRANSACTION AND RELATED MATTERS.
Investors and security holders may obtain free copies of the Registration Statement and all other documents filed or that will be filed
with the SEC by Permian Resources or the Company through the website maintained by the SEC at http://www.sec.gov. Copies of documents filed with the SEC by the Company will be made available free of charge on the Companys
website at https://www.earthstoneenergy.com, under the Investors tab, or by directing a request to Investor Relations, Earthstone Energy, Inc., 1400 Woodloch Forest Drive, Suite 300, The Woodlands, TX 77380, Tel. No. (281) 298-4246. Copies of documents filed with the SEC by Permian Resources will be made available free of charge on Permian Resources website at https://www.permianres.com under
the Investor Relations tab or by directing a request to Investor Relations, Permian Resources Corporation, 300 N. Marienfeld St., Ste. 1000, Midland, TX 79701, Tel. No. (432) 695-4222.
Participants in the Solicitation
Permian Resources, the Company and their respective directors and executive officers may be deemed to be participants in the solicitation of
proxies in respect to the Transaction.
Information regarding the Companys directors and executive officers is contained in the
proxy statement for the Companys 2023 Annual Meeting of Stockholders filed with the SEC on April 27, 2023, and certain of its Current Reports on Form 8-K. You can obtain a free copy of this document at the SECs website at
http://www.sec.gov or by accessing the Companys website at https://www.earthstoneenergy.com. Information regarding Permian Resources executive officers and directors is contained in the proxy statement for the
Permian Resources 2023 Annual Meeting of Stockholders filed with the SEC on April 11, 2023 and certain of its Current Reports on Form 8-K. You can obtain a free copy of this document at the SECs website at
www.sec.gov or by accessing the Permian Resources website at https://permianres.com.
Investors may
obtain additional information regarding the interests of those persons and other persons who may be deemed participants in the Transaction by reading the Registration Statement and other relevant materials to be filed with the SEC when they become
available. You may obtain free copies of these document as described above.
Forward-Looking Statements and Cautionary Statements
The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E
of the Exchange Act. All statements, other than statements of historical fact, included in this communication that address activities, events or developments that Permian Resources or the Company expects, believes or anticipates will or may occur in
the future are forward-looking statements. Words such as estimate, project, predict, believe, expect, anticipate, potential, create, intend,
could, may, foresee, plan, will, guidance, look, outlook, goal, future, assume, forecast,
build, focus, work, continue or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or
events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the Transaction, pro
forma descriptions of the combined company and its operations, integration and transition plans, synergies, opportunities and anticipated future performance. There are a number of risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements included in this communication. These include the expected timing and likelihood of completion of the Transaction, including the timing, receipt and terms and conditions of any required governmental and
regulatory approvals of the Transaction that could reduce anticipated benefits or cause the parties to abandon the Transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstances that
could give rise to the termination of the Merger Agreement, the possibility that stockholders of Permian Resources may not approve the issuance of new shares of common stock in the Transaction or that stockholders of the Company may not approve the
Merger Agreement, the risk that the parties may not be
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