CEBA Midstream LP, an MLP carved out of SandRidge Energy to own saltwater gathering and disposal assets, withdrew its plans for an initial public offering on Wednesday. It originally filed in October 2014 with a proposed deal size of $100 million.
Parent SandRidge Energy (NYSE: SD), filed for bankruptcy in May 2016, and emerged from bankruptcy in October.
The Oklahoma City, OK-based company was formed in 2014 and had not disclosed an operating history. It had planned to list on the NYSE under the symbol CEBA. BofA Merrill Lynch and Barclays were set to be the joint bookrunners on the deal.
