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LRR Energy (LRE) IPO Trades Slightly Lower

November 11, 2011 11:06 AM EST
The IPO for LRR Energy, L.P. (NYSE: LRE) is open for trading. Units are trading at $18.91 after pricing 9,408,000 common units at $19, the low end of the expected $19-$21 range.

Wells Fargo Securities, Raymond James, Citigroup and RBC Capital Markets are acting as joint book-running managers for the offering.

LRR Energy is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy's properties are located in the Permian Basin region in West Texas and southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas.


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