Remora Royalties

General Information
Business:

 

We are a growth-oriented Delaware corporation formed to own and acquire overriding royalty, mineral and royalty interests in oil and natural gas properties. We refer to these non-cost-bearing interests which entitle us to a portion of the revenues received from the production of oil, natural gas and associated NGLs from the acreage underlying our interests, net of post-production expenses and taxes collectively as our “royalty interests.” Our royalty interests are located in 12 states and in 13 major onshore basins across the continental United States and include ownership in approximately 3,600 gross producing wells, predominantly in the Midcontinent, South Texas/Gulf Coast, East Texas/North Louisiana and Permian Basin, which are among the most historically  prolific oil and natural gas regions in the United States.

Industry: CRUDE PETROLEUM & NATURAL GAS
Employees: 22
Founded: 2018
Contact Information
Address 807 Las Cimas Parkway, Building II Suite 275, Austin, TX 78746, US
Phone Number (512) 579-3590
Web Address http://www.remoraroyalties.com
View Prospectus: Remora Royalties
Financial Information
Market Cap $210.4mil
Revenues $35.3 mil (last 12 months)
Net Income $-13.8 mil (last 12 months)
IPO Profile
Symbol RRI
Exchange NASDAQ
Shares (millions): 5.3
Price range $19.00 - $21.00
Est. $ Volume $105.0 mil
Manager / Joint Managers RBC Capital Markets/ Wells Fargo Securities/ UBS Investment Bank/ Stifel
CO-Managers Stephens/ Seaport Global Securities
Expected To Trade: 9/21/2018
Status: Postponed
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change