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The Next Haynesville IPOs: Two Companies to Watch

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The Next Haynesville IPOs: Two Companies to Watch

With Vine Resources announcing plans for an IPO last week, we took a look at other private companies with assets in the Haynesville who could be next to go public.

After picking up acreage in the Haynesville through numerous deals, Covey Park and Indigo Minerals (profiled below) are two companies with near-term IPO potential.

Their acreage positions are mapped below (enlarge):

Peer Operator Leasehold Map

Covey Park

Covey Park has aggregated a large Haynesville position through numerous deals in the last two years.

Deal Timeline:

July 2015 - Acquired 33,000 net acres in the Haynesville / Cotton Valley from Penn Virginia for $74MM March 2016 - Acquired over 34,000 net acres from EP Energy for $420MM November 2016 - Bolted-on 90,000 net acres in a deal with EOG Resources December…
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