Abraxas Energy Partners (AXLP) Sees IPO Price of $17.50-$19.50
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Abraxas Energy Partners (Nasdaq: AXLP) has filed an amended registration statement with the SEC for an initial public offering of its common units. The Company is offering 4,250,000 units (up from 3,350,481 units on June 4) and expects the offering price to be between $17.50-$19.50 per unit. The Company plans to list on the NASDAQ under the symbol "AXLP".
The offering is being made through Wachovia Securities, RBC Capital Markets, C.K. Cooper & Company and Sterne Agee & Leach.
Abraxas Energy Partners is a limited partnership formed by Abraxas Petroleum in May 2007 to exploit, develop, produce and acquire oil and gas properties. Its assets consist primarily of producing and non-producing properties located in the Rocky Mountain, Mid-Continent, Permian Basin and Gulf Coast regions of the United States.
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