Wall Street debt investors have encircled a beleaguered oil producer founded by the late Aubrey McClendon and are in early talks to take control of it in a deal that could also take the company public, according to people familiar with the matter. Such a deal, for Permian Resources LLC, w ould come in a hot market for shares of companies that drill in the Permian Basin region of West Texas and potentially head off a more contentious restructuring of the company, which credit-rating firms have said is likely to run out of cash by early next year barring a big rise in oil prices. They are in talks with Permian Resources’ owners, which include energy-focused private-equity firms Energy & Minerals Group and First Reserve Corp. as well as the estate of Mr. McClendon, t he energy titan […]

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