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| General Information |
| Business: |
We are an independent oil and natural gas company currently focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. This basin, which is one of the major producing basins in the United States, is characterized by an extensive production history, a favorable operating environment, mature infrastructure, long reserve life, multiple producing horizons, enhanced recovery potential and a large number of operators. |
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| Industry: |
CRUDE PETROLEUM & NATURAL GAS |
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| Employees: |
54 |
Founded: |
2007 |
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| Contact Information |
| Address: |
500 West Texas, Suite 1225, Midland, TX 79701, US |
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| Financial Information |
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| Revenues: |
$ 56.9 mil (last 12 months) |
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| Net Income: |
$ 8.1 mil (last 12 months) |
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| IPO Profile |
| Symbol: |
FANG |
| Shares (millions): |
12.5 |
| Price Range: |
$17.50 - $17.50 |
| Est.$ Volume |
$ 218.8 mil |
| Manager / Joint Managers |
Credit Suisse |
| Co Managers |
Raymond James/ Tudor, Pickering, Holt/ Wells Fargo Securities/ Capital One Southcoast/ Scotiabank -Howard Weil/ Simmons/ Sterne Agee/ SunTrust Robinson Humphrey/ Wunderlich Securities |
| Expected to Trade |
10/12/2012 |
| Status |
Priced |
| SCOOP RATING |
Available only to Subscribers |
| RATING CHANGE |
Available only to Subscribers |
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