Breitling Oil & Gas, which manages oil and natural gas deposits in North Dakota and Oklahoma, is considering an initial public offering or other options for late 2013 or early 2014.
The Dallas-based company would hope to raise $200 million to $400 million through any IPO...
An analyst has traveled to Asia several times this year, and said interest in buying Breitling was strong across the continent.
The company controls roughly 200,000 acres of mineral rights across North Dakota's Bakken and Three Forks shale fields, as well as in Oklahoma's Mississippian Lime shale field.
Breitling typically hires Devon Energy Corp, Oasis Petroleum Inc or others to produce oil and natural gas on the land, preferring to be a non-operating partner.Snapshot of Breitling: