Houston-based Freeport-McMoRan Oil & Gas (FM O&G) will be the first US oil producer to launch an initial public offering (IPO) in 2015.
The company filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) related to its potential IPO of Class A common stock representing a minority interest in FM O&G. FM O&G intends to apply to list the common stock on the New York Stock Exchange under the ticker FMOG.
While registration statement relating to these securities has been filed with the SEC, it has not yet become effective. Barclays will act as book-runner for the proposed IPO.
FM O&G is an upstream oil and gas energy company primarily engaged in acquiring, exploring for, developing and producing oil and gas properties. The company’s portfolio includes US-based oil and gas assets in the deepwater Gulf of Mexico, onshore and offshore California and in the Haynesville unconventional shale play in Louisiana, as well as a significant position in the emerging Inboard Lower Tertiary-Cretaceous gas trend onshore South Louisiana.
Image: GOM developments / EIA
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