Oil IPOs Ready to Bloom Across the U.S.

Rising crude prices and a deregulatory push in Washington may spur as many as 40 companies to hold initial public offerings over the next two years, potentially tripling 2016’s activity, according to Maynard Holt, chief executive officer at Houston-based investment bank Tudor Pickering Holt & Co.

After a year in which explorers in the Permian shale basin straddling Texas and New Mexico dominated the business, interest in new oil-industry offerings is likely to spread wider. It could include pipeline operators and regions like the Bakken in North Dakota and Wyoming’s Powder River basin, Holt said in a telephone interview Wednesday. Mergers and acquisitions should pick up as well.

“The number of companies expressing interest in going into this window is really high, and the number of investors saying we’d like to see something different is really high,” the CEO said.

Source: Oil IPOs Ready to Bloom Across the U.S.

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