Permian-focused EagleRock plans rare US oil and gas IPO, sources say

EagleRock is exploring a U.S. IPO that could value the oil-and-gas royalty company at up to $2 billion. The listing would provide a public market valuation for a Permian Basin cash-flow business tied to production royalties and fees. The news is constructive for the company, though still preliminary and not yet a priced transaction.

Analysis

EagleRock is exploring a U.S. IPO that could value the oil-and-gas royalty company at up to $2 billion. The listing would provide a public market valuation for a Permian Basin cash-flow business tied to production royalties and fees. The news is constructive for the company, though still preliminary and not yet a priced transaction.