WildHorse Resource Development, an oil and gas E&P backed by Natural Gas Partners operating in TX and LA, filed on Thursday with the SEC to raise up to $650 million in an initial public offering.
The Houston, TX-based company was founded in 2013 and booked $39 million in revenue ($163 million pro forma) for the 12 months ended September 30, 2016. It plans to list on the NYSE under the symbol WRD. WildHorse Resource Development filed confidentially on August 12, 2016. Barclays, BofA Merrill Lynch, BMO Capital Markets, Citi and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
