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Vine Energy Priced, NYSE: VEI

Blackstone-backed natural gas E&P operating in Louisiana's Haynesville Basin.

Industry: Energy

Latest Trade: $17.58 0.00 (0.0%)

First Day Return: -3.6%

Return from IPO: +25.6%

Industry: Energy

We are an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. Natural gas demand has significantly grown as a percentage of North America’s energy mix over the last ten years, having increased 38% from 86 Bcfd to 119 Bcfd and growing from 27% to 37% of the energy mix due to ample domestic supply, reliability of supply, significant supporting in-place infrastructure, low carbon intensity and low prices. In particular, demand for exported LNG has contributed to approximately 21% of that increase, with continued growth in LNG exports anticipated according to Wood Mackenzie. We believe natural gas will continue to be instrumental as a low carbon intensity source for meeting growing energy demand. We believe the Haynesville will be particularly critical to meeting future natural gas demand. The Haynesville and Mid-Bossier shales are among the highest quality, highest return dry gas resource plays in North America with approximately 489 Tcf of natural gas in place, according to The Oil & Gas Journal.
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IPO Data
IPO File Date 02/22/2021
Offer Price $14.00
Price Range $16.00 - $19.00
Offer Shares (mm) 21.5
Deal Size ($mm) $301
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/17/2021
Offer Price $14.00
Price Range $16.00 - $19.00
Offer Shares (mm) 21.5
Deal Size ($mm) $301
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
Credit Suisse
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Company Data
Headquarters Plano, TX, United States
Founded 2014
Employees 113
Website www.vineog.com

Vine Energy (VEI) Performance