Credit: Shutterstock photoRoyal Resources Partners LP, an MLP formed by Blackstone to own overriding royalty interests in oil and gas properties, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.
The Blackstone Group ( BX ) owns a controlling share of the company and Riverbend Oil & Gas has a minority stake.
The Houston, TX-based company, which was founded in 2012 and booked $68 million in revenue for the 12 months ended March 31, 2015, plans to list on the NYSE. It has not selected a ticker symbol. Royal Resources Partners LP initially filed confidentially on November 13, 2014. Credit Suisse is the sole bookrunner on the deal. No pricing terms were disclosed.
The article Blackstone-backed Royal Resources LP files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
