Brigham Minerals Inc. is testing the waters for a possible IPO, according to filings made last week by the Austin, Texas-based mineral and royalty company founded by oil and gas entrepreneur Ben M. “Bud” Brigham.

The company expects to raise up to $100 million from the IPO, according to its S-1 filing with the U.S. Securities and Exchange Commission (SEC) on March 18. If successful, the offering could help end a drought of energy IPOs after the market came to a full stop last year.

In 2018, the energy industry raised about $3 billion via nine IPOs before several offerings were taken off the market following a drop in commodity prices in the second half of the year, said Christopher George, director of Drillinginfo’s Capitalize tracking platform. 

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