Could an oil and gas IPO happen in 2022? It's possible,and if it happens,it will be by a company that has methodically built itself through Permian Basin dealmak-ing.Or it could be just the disaster that fossil fuel naysayers are hoping to see.Colgate Energy Partners III LLC is reportedly considering an IPO,the first public offering since Vine Energy went public in March and was subsequently gobbled up in November by Chesapeake Energy Corp.in a $2.2 billion deal.Colgate would likely hang back until the second quarter to launch an offering-possibly in April-and is just as likely to explore a sale.Or Colgate,which reportedly has strong free cash flow,could just go on being a private independent money maker.Other IPOs date back to 2018,when Berry Petroleum went public.The last major offering in Permian Basin was Jagged Peak Energy's entry into the market in January 2017.Colgate Energy,based in Midland,Texas,is a privately held Permian Basin E&P founded in 2015 and backed by Pearl Energy Investments and NGP.Colgate has played the long game in acquisitions,with roughly $ 1 billion in announced deals in the past four years.
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