Thomson Reuters A natural gas flare on an oil well pad burns as the sun sets outside Watford City, North DakotaFreeport-McMoRan Oil & Gas has withdrawn its initial public offering, CNBC reports.
The company filed for an IPO in June 2015.
Copper and gold mining company Freeport-McMoRan, said it was considering spinning off its oil and gas business to shareholders last October.
The company had planned to list Class A common stock on the New York Stock Exchange, according to MarketWatch.
More to come...