WildHorse's Eagle Ford Land Grab Rides On IPO

摘要

WildHorse Resource Development Corp. has been a quiet, but determined, acquisition machine in the past few months, rolling up more than 170,000 net acres of Eagle Ford acreage in three deals. The deals are valued at more than $400 million. However, closing them is somewhat dependent on how successfully WildHorse rolls out its IPO, which it submitted to regulators on Nov. 10. WildHorse has penciled in proceeds of $650 million from an offering on its Securities and Exchange Commission (SEC) filings.