Overview
- EagleRock sold 17.3 million shares at $18.50 each, raising about $320.1 million and listing on the NYSE and NYSE Texas under the ticker EROK.
- The Houston firm controls about 236,000 Permian acres and earns fees and royalties for access and services instead of pumping oil or gas.
- It runs produced-water recycling and disposal under a long-term pact with DEF Operating, easing the wastewater bottleneck that can trigger leaks and quakes when poorly managed.
- Management signals new revenue from power projects, data centers, renewables, carbon-capture sites, crypto mining and transmission lines on its land.
- Investors are eyeing U.S. energy plays as crude prices climb, and EagleRock targets a value just over $2 billion with major operators like Chevron, Devon, EOG and Exxon active on its acreage.