Renaissance Capital logo

Pacific Coast Oil Trust files for a $345 million IPO

January 6, 2012

Pacific Coast Oil Trust, formed by Pacific Coast Energy to own net profits interests in oil and natural gas wells in the Santa Maria and Los Angeles basins, registered with the SEC for a $345 million initial public offering on Friday. The Austin, TX based trust owns net profits interests in 265 producing wells. Barclays Capital has been selected to manage the offering, and the stock is expected to list on the New York Stock Exchange under the symbol ROYT.