Royal Resources Partners LP, an MLP formed by Blackstone to own overriding royalty interests in oil and gas properties, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.
The Blackstone Group (NYSE: BX) owns a controlling share of the company and Riverbend Oil & Gas has a minority stake.
The Houston, TX-based company, which was founded in 2012 and booked $68 million in revenue for the 12 months ended March 31, 2015, plans to list on the NYSE. It has not selected a ticker symbol. Royal Resources Partners LP initially filed confidentially on November 13, 2014. Credit Suisse is the sole bookrunner on the deal. No pricing terms were disclosed.
