Oil and gas E&P Energy & Exploration sets terms for $236 million US IPO

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Energy & Exploration Partners, an exploration and production company focused on unconventional oil and natural gas resources, announced terms for its IPO on Wednesday. The Fort Worth, TX-based company plans to raise $236 million by offering 15.7 million shares (5% insider) at a price range of $14 to $16. At the midpoint of the proposed range, Energy & Exploration Partners would command a fully diluted market value of $525 million. Energy & Exploration Partners, which was founded in 2006, plans to list on the NYSE under the symbol ENXP. Canaccord Genuity and Johnson Rice & Co. are the joint bookrunners on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: ENXP

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