Cinco Resources, an independent oil and natural gas E&P operating in the western US, withdrew its plans for an initial public offering on Friday. The Dallas, TX-based company was founded in 2002 and booked $52 million in sales for the 12 months ended 12/31/2011. Citi and Wells Fargo Securities were set to be the joint bookrunners on the deal. The company last filed an updated amendment in April 2012.
