EagleRock Land has launched an IPO that could raise up to $400 million by selling 17.3 million shares priced between $17 and $20 each. The company plans to offer these shares with an option to sell additional shares that would bring total proceeds to roughly $398 million if fully exercised.
The company controls surface acreage in the core of the Permian basin, providing access to land, infrastructure and resources supporting oil and gas development. EagleRock has applied to list its shares on the New York Stock Exchange under the ticker symbol "EROK."
The offering highlights investor interest in Permian basin land and royalty positions, positioning the company to fund future development.
