Parsley Energy Makes Public $400 Mln IPO Plan

Posted by Joseph R. Fonseca
Friday, April 11, 2014

 Parsley Energy Inc made public its plan to raise up to $400 million in an initial public offering of 

 
Class A common stock.
 
The oil and natural gas company filed confidentially with U.S regulators for the proposed IPO in December.
 
Credit Suisse, Goldman Sachs & Co, J.P. Morgan and Wells Fargo Securities were the lead underwriters, Parsley Energy told the 
 
U.S. Securities and Exchange Commission in a preliminary prospectus on Friday. (http://r.reuters.com/taz48v)
 
Parsley Energy said it intended to list on the New York Stock Exchange under the symbol "PE."
 
The company acquires and develops unconventional oil and natural gas reserves in the Permian Basin in West Texas and 
 
Southeastern New Mexico.
 
The filing did not reveal how many shares the company planned to sell or their expected price.
 
Texas-based Parsley Energy, which is backed by NGP X US Holdings LP and Diamond K Interests LP, said it would use the 
 
proceeds from the offering to reduce debt and for general corporate purposes.
 
The amount of money a company says it plans to raise in its first IPO filing is used to calculate registration fees. The 
 
final size of the IPO could be different.
 
(Reporting by Avik Das in Bangalore; Editing by Simon Jennings)
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

CMA CGM Intends Offer to Acquire NOL

Following the satisfaction and waiver (as the case may be) of the conditions set forth in the pre-conditional offer announcement dated 7 December 2015, CMA CGM S.

Oman Shipping Makes Profit

Oman Shipping Company (OSC) reported a $180 million profit in 2015. Tariq bin Mohammed Al Junaidi, chief executive officer of OSC has been quoted by  Oman News

Korean Shipbuilder Could Be Liquidated

South Korea's STX Offshore & Shipbuilding Co. has filed for receivership, following massive losses that have mounted up over the past two years, says a report in the WSJ.

Energy

Strike In France: Implications for Tanker Demand

After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing

Floating Storage Flattens Fortunes of $50 Crude

The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism,

GloMEEP Project Forges Ahead with Train-the-Trainer Workshop

A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy

News

APM Terminals Bahrain Push for Safety, IT systems

Hidd, Khalifa Bin Salman Port, Bahrain - APM Terminals Bahrain, operators of Khalifa bin Salman Port (KBSP), has recently made significant advances in Safety performance

Seized Hanjin Shipping Vessel Resumes Operation in South Africa

Hanjin Paradip resume  its sailing from South Africa as talks continue with owner over unpaid charter fees. The ship had been detained in Richards Bay, South Africa

Deployment: The Transpacific Trade Steps Up To The Plate

In 2015, it was the Asia-Europe route which was the focus of changing deployment trends, says Clarksons Research.   This year, it is the Transpacific trade which

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1133 sec (9 req/sec)