Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO
Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.
Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work
U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.
US LNG Exporter Venture Global's Shares Dip After IPO
Venture Global’s pre-IPO pricing at $25 a share valued the Gulf Coast LNG operator at some $65 billion, but shares fell below $25 by about 3% in trading Jan. 24.
Venture Global LNG Pares IPO Hopes by 15% to $2.2B
LNG exporter Venture Global nearly halved the price per share, while increasing the number of shares it expects to offer.
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
Utica’s Infinity Natural Resources Seeks $1.2B Valuation with IPO
Appalachian Basin oil and gas producer Infinity Natural Resources plans to sell 13.25 million shares at a public purchase price between $18 and $21 per share—the latest in a flurry of energy-focused IPOs.
Artificial Lift Firm Flowco Prices IPO Above Guidance at $427MM
Flowco Holdings priced its IPO at $24 per share, above its original guidance. The oilfield services firm will begin trading on the New York Stock Exchange on Jan. 16.
Venture Global Targets $110B in Massive IPO
Venture Global is expected to pitch its IPO to investors by Jan. 17 to rival the largest energy IPOs on record.