IPO
IPO , Natural Gas , Crude Oil
ADNOC Eyes Valuation of at Least $50 Billion for Its Gas Business
An initial public offering of ADNOC Gas could launch as soon as February as the company sharpens its focus on the gas market as Europe seeks to replace all Russian energy imports as early as mid-2024.
IPO , Shale Plays
Barnett Shale’s Largest Producer BKV Corp Files for IPO
The company, which also has assets in the Marcellus, has an integrated approach that includes upstream, midstream, power generation and carbon capture business lines.
IPO , Shale Plays , Technology
Wilks Brothers-backed ProFrac Sees Tepid NASDAQ Debut
ProFrac’s listing comes at an inopportune time, with equity markets bleeding from fears of aggressive monetary policy tightening by the Federal Reserve and impacts of the Russia-Ukraine war.
IPO , Shale Plays , Technology
ProFrac Prices IPO Below Target Range to Raise $288 Million
ProFrac’s listing, which raised $288 million from the issue of 16 million new shares, comes in a rocky year for U.S. capital markets and underscores the challenges facing IPO-bound companies.
IPO , Shale Plays
Shale Gas Producer BKV Corp. Explores Potential IPO: Sources
While the volatility in commodity prices makes its exact valuation uncertain, BKV Corp. may be worth up to $2 billion, including debt, when it lists, sources say.
IPO , Shale Plays , Technology
Bud Brigham Prepares Rare Oilfield Services IPO: Sources
Austin, Texas-based Atlas Sand has hired Goldman Sachs Group Inc. to lead preparations for the IPO, which could value the company at between $2 billion and $3 billion including debt, sources say.
IPO , Liquefied Natural Gas (LNG) , Midstream
Excelerate Energy Soars in First Big US Market Debut Since Ukraine Invasion
Excelerate’s offering is the first LNG-related IPO in the U.S. since 2019, indicating a reversal in fortunes for fossil fuel companies as crude oil and natural gas prices bounced back from pandemic lows.
IPO , Liquefied Natural Gas (LNG) , Midstream
Excelerate Energy Raises $384 Million in First Major IPO Since Russia-Ukraine War
Excelerate Energy sold 16 million shares on April 12 at $24 each, the company said. It had previously indicated it would price its shares at $21 to $24. The IPO values Excelerate at $2.54 billion.
IPO , Liquefied Natural Gas (LNG) , Midstream
Oil Tycoon George Kaiser Aims to Reopen US IPO Market with Excelerate Listing
Founded in 2003 by oil and gas tycoon George Kaiser, Excelerate Energy aims to raise up to $384 million through an IPO that could value the Texas-based LNG company at about $2.54 billion.
IPO , Shale Plays
US Shale Gas Producer Ascent Resources Prepares for IPO: Sources
The two private equity firms that own Ascent Resources—the Energy & Minerals Group and First Reserve Corp.— are working with Citigroup Inc. and Barclays Plc to prepare for an IPO of Ascent, the sources said.