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.
Business & FinanceDealsEnergy
Reuters reveals U.S. gas producer Ascent Resources prepares for IPO
31 March 2022, 12:14 pm 1 minute
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