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Colorado-based upstream Vantage Energy said Monday it plans to raise about $601 million with its IPO by offering 23.6 million shares at a price range from $24 to $27.

At the midpoint price range Vantage would have a fully diluted market value of $1.9 billion, Renaissance Capital said.

Vantage has a net daily production of 150 million cubic feet equivalent per day and produces about 8.6 billion cubic feet equivalent per year.

The company owns approximately 48,000 net acres in the Marcellus shale formation, 37,000 net acres in the Barnett shale formation and over 80,000 net acres in other project areas primarily in the Uinta basin properties in Utah.

Vantage produces natural gas, natural gas liquids and oil. The company earns about 73 percent of its revenue from natural gas, 15 percent of its revenues from natural gas liquids and 12 percent from oil.

Vantage operates more than 1,000 drilling sites and has contracts with Houston-based Sequent Energy, Dallas-based Texas Energy Management and Oklahoma-based Devon Gas Services.

Vantage’s 2013 adjusted EBITDA was $22 million.

The company will list on the New York Stock Exchange under the symbol VEI.

Barclays, Goldman Sachs, Citigroup, Credit Suisse, Tudor, Pickering, Holt & Co. and Wells Fargo Securities will act as joint book-running managers for the offering.

Vantage is expected to price on September 24, 2014.