Oilfield Services Firm Atlas Energy Aims for $2 Billion Valuation in US IPO
(Reuters) — Oilfield services firm Atlas Energy Solutions Inc. plans to get a valuation of around $2 billion in its initial public offering in the United States, a regulatory filing showed on Tuesday.
The company provides logistics services to customers in the oil and natural gas industry within the Permian Basin of West Texas and New Mexico. It plans to raise $414 million in an offering priced between $20 and $23 per share.
Reuters was the first to report last year that Atlas was preparing for a public listing which could value the company between $2 billion and $3 billion including debt.
The Austin, Texas-based firm joins a clutch of energy companies that have taken to the public equity markets even amid a global rout, hoping to cash in on huge wins in the oil and gas industry since last year as the war in Ukraine piled pressure on the commodities supply chain.
Excelerate Energy Inc., which provides floating terminals for importing liquefied natural gas, ended a lullin the U.S. IPO market when it debuted last year.
Atlas Energy plans to float its shares on the New York Stock Exchange and expects to trade under the ticker symbol "AESI". Goldman Sachs & Co. LLC, BofA Securities and Piper Sandler are the lead book-running managers for the offering.
Related News
Related News

- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- $3 Billion Natural Gas Pipeline Expansion to Add 1.3 Bcf Capacity in Southeast Region
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
- Phillips 66 to Sell $865 Million Stake in 500-Mile Gulf Coast Express Pipeline to ArcLight
- NDT, Aramco to Launch 56-Inch Inspection Tool
Comments