Looks like they are getting close to pulling the trigger...S-1 was filed. Should be a good indication on how the markets feel about the Haynesville compared to the Rockies or Appalachia.
Plano, Texas-based natural gas producer Vine Resources on Monday, April 10, filed initial IPO paperwork with the Securities and Exchange Commission with a $500 million placeholder, and it may be a sign of things to come in east Texas.
The Blackstone Group (BX) portfolio company, which is focused on the Haynesville Shale, a natural gas play in eastern Texas and northwestern Louisiana, did not provide many details on the size of the planned offering in its initial S-1 filing, but revealed that Credit Suisse Group and Morgan Stanley are the lead underwriters. The company intends to list on the NYSE with the ticker symbol VRI.