Reuters reveals U.S. gas producer Ascent Resources prepares for IPO - Reuters News Agency
Business & FinanceDealsEnergy

Reuters reveals U.S. gas producer Ascent Resources prepares for IPO

Reuters reported exclusively that Ascent Resources LLC, one of the largest privately held U.S. natural gas producers, is preparing an initial public offering it hopes will give it a market valuation of around $6 billion. Depending on timing, it would be the first major stock market listing of a U.S. shale operator since Russia’s invasion of Ukraine in February drove a spike in gas prices. 

Article Tags
Topics of Interest: Business & FinanceDealsEnergy
Type: Reuters Best
Sectors: Business & FinanceCommodities & EnergyUtilities & Other Energy
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: Wind turbines operate at sunrise in the Permian Basin oil and natural gas production area in Big Spring, Texas, U.S., February 12, 2019. REUTERS/Nick Oxford
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