** EagleRock EROK.N, a company that collects royalties and fees from oil and gas ‌production on the land it controls in the Permian Basin, on track to open above offer price in New York

** Stock recently indicated to open between $22 and $23 vs. $18.50 offer price

** Houston-based EROK sold 17.3 million shares at midpoint of marketed range of $17 to $20 ​per share to raise $320 million

** EagleRock owns and controls land in the Delaware and Midland portions of the Permian, the heart of the U.S. ​shale industry in Texas and New Mexico, as well as infrastructure to handle water used in the hydraulic fracturing process

** Goldman Sachs, Barclays and J.P. Morgan acted as lead book-running managers for the offering