Oilfield Services Provider Quintana Energy Services Files for a $100 Million IPO

Quintana Energy Services, which provides diversified well services to onshore oil and gas E&Ps, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. 

Quintana's primary services include directional drilling services (36% of 1Q17 sales), pressure pumping (31%), pressure control (22%) and wireline (11%).  

The Houston, TX-based company was founded in 2006 and booked $234 million in sales for the 12 months ended March 31, 2017. It plans to list on the NYSE under the symbol QES. Barclays, Citi, Simmons & Co., Stephens Inc., Tudor, Pickering, Holt & Co., BofA Merrill Lynch and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.