Wildhorse Resource Development has filed with securities regulators to raise up to $650million in an initial public offering.
The independent oil and natural gas company operates in the Eagle Ford basin in southeast Texas and the Terryville Complex in North Louisiana.
It said it intends to list its common stock on the New York Stock Exchange under the symbol “WRD”.
The proceeds from the offering will be used to fund the remaining portion of the Burleson North acquisition.
The company did not mention the size of the offering.
Barclays, Bofa Merrill Lynch, BMO Capital Markets, Citigroup and Wells Fargo Securities are the lead underwriters, the company said.
The amount of money a company says it plans to raise in its first IPO filing is usually a placeholder.