Acquisitions & Divestitures

Brigham Minerals Tests Market With $100 Million IPO

If successful, the $100 million IPO filed by the minerals business of oil and gas entrepreneur Bud Brigham could help to end a drought of energy IPOs.

Emily

Patsy

HartEnergy.com

Mon, 03/25/2019 - 02:45 PM

Brigham Minerals Tests Market With $100 Million IPO

Bud Brigham told attendees of an industry conference in August 2018 that he saw the minerals business as a tremendous growth area with more public companies joining the space. (Source: Hart Energy/Shutterstock.com)

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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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.

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