Royal Resources LP withdraws $100 million IPO

Royal Resources Partners LP, a mLP formed by Blackstone to own overriding royalty interests in oil and gas properties, withdrew its plans for an initial public offering on Thursday. It originally filed in June 2015 with a proposed deal size of $100 million.

The Houston, TX-based company was founded in 2012 and booked $68 million in sales for the 12 months ended March 31, 2015. It had planned to list on the NYSE under the symbol ORRI. Credit Suisse, Citi and Morgan Stanley were set to be the joint bookrunners on the deal.