Vine Energy Inc.

General Information
Business:

We are an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana.

Natural gas demand has significantly grown as a percentage of North America’s energy mix over the last 10 years, having increased 38% from 86 Bcfd to 119 Bcfd and growing from 27% to 37% of the energy mix due to ample domestic supply, reliability of supply, significant supporting in-place infrastructure, low carbon intensity and low prices. In particular, demand for exported LNG has contributed to approximately 21% of that increase, with continued growth in LNG exports anticipated, according to Wood Mackenzie. We believe natural gas will continue to be instrumental as a low carbon intensity source for meeting growing energy demand. (Note: Bcfd stands for billion cubic feet of natural gas per day.)

(Note: Vine Energy, Inc., priced its IPO on March 17, 2021, at $14 – well below its $16-to-$18 range – and increased the number of shares to 21.5 million shares, up from 18.75 million shares, to raise $301 million – less than the estimated volume of $328.13 million, if the deal had been priced at the mid-point of its range.) 

 

Industry: Natural Gas - Drilling & Distribution
Employees: 113
Founded: 2014
Contact Information
Address 5800 Granite Parkway, Suite 550 Plano, Texas 75024
Phone Number (469) 606-0540
Web Address http://www.vineog.com/
View Prospectus: Vine Energy Inc.
Financial Information
Market Cap $1008.48mil
Revenues $378.7 mil (last 12 months)
Net Income $-252.19 mil (last 12 months)
IPO Profile
Symbol VEI
Exchange NYSE
Shares (millions): 21.5
Price range $14.00 - $14.00
Est. $ Volume $301.0 mil
Manager / Joint Managers Citigroup/Credit Suisse/Morgan Stanley/BofA Securities/Barclays/RBC Capital Markets
CO-Managers Blackstone/Capital One Securities/KeyBanc Capital Markets/MUFG/CastleOak Securities, L.P./Drexel Hamilton/Ramirez & Co./Stern
Expected To Trade: 3/18/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change