Abraxas Petroleum Corp. (ABP) Files IPO
Abraxas Energy Partners LP said Friday that the company has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering.
Abraxas Energy Partners, a master limited partnership co-owned by San Antonio-based Abraxas Petroleum Corp. (AMEX: ABP - News) and institutional investors, is offering to sell 2 million common units. The move could raise nearly $56 million in the offering.
A.G. Edwards & Sons Inc. will act as book-running manager and representative of the underwriters.
Abraxas Energy Partners was formed as a master limited partnership in May 2007 to develop, produce and acquire oil and gas properties. The company's assets are located in South and West Texas.
Abraxas Energy Partners, a master limited partnership co-owned by San Antonio-based Abraxas Petroleum Corp. (AMEX: ABP - News) and institutional investors, is offering to sell 2 million common units. The move could raise nearly $56 million in the offering.
A.G. Edwards & Sons Inc. will act as book-running manager and representative of the underwriters.
Abraxas Energy Partners was formed as a master limited partnership in May 2007 to develop, produce and acquire oil and gas properties. The company's assets are located in South and West Texas.
Labels: ABP, Abraxas Petroleum Corp.
posted by Stock Administrator @ 2:59 PM
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