MidCon Midstream LP, an MLP carved out of SandRidge Energy to own saltwater gathering and disposal assets in the Mid-Continent region, filed on Friday with the SEC to raise up to $100 million in an initial public offering, although the deal size is likely just a placeholder. We estimate the company could raise $200 million or more.
The Oklahoma City, OK-based company, which was formed in 2014, plans to list on the NYSE but has not selected a ticker. BofA Merrill Lynch and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed, and no income statement was provided.
