U.S. oilfield service companies are gearing up for IPOs, according to regulatory filings and analysts, after several shelved equity sales last year during a weak period for oil prices.
Oil is trading near its highest level since early 2015, fueling demand for service firms to bring new shale wells to production. Energy executives surveyed last month said they would increase drilling sharply at prices above $60 a barrel (bbl). Crude recently traded at about $61.50/bbl.
Investors’ appetite for the shares will be tested soon. Liberty Oilfield Services Inc., which provides hydraulic fracturing services to shale producers, last week filed…
https://www.oilandgasinvestor.com/us-oilfield-service-firms-dust-ipo-plans-oil-prices-surge-1677266
