US oil and gas producer Peak Resources LP (PRB) plans to raise $66 million at a $209 million market cap in the week ahead. Peak Resources is an independent limited partnership focused on oil and natural gas operations, primarily in the Powder River Basin of Wyoming. It utilizes advanced horizontal drilling and completion technology to enhance oil and natural gas production and reserves. The company has identified 1,770 gross (530 net) horizontal drilling locations across its approximately 65,000 gross (45,000 net) acres. As of June 30, 2024, it operates 104 gross (56 net) producing horizontal wells and holds interests in an additional 83 gross (five net) non-operated wells. The company's total estimated proved reserves as of December 31, 2023, were approximately 16,247 Mboe, with 59% oil and 41% natural gas.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| Peak Resources LP (PRB) Durango, CO | $66M $209M | $13 - $15 4,700,000 | Janney Roth Cap. |
| US oil and natural gas producer operating in the Powder Ridge Basin. | |||
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