EagleRock Land (EROK.N) shares rose 24.3% in their New York Stock Exchange ​debut on Thursday, valuing the Permian ‌Basin landowner and management company at $2.99 billion.

The Houston-based company's stock opened at $23 apiece, compared with the $18.50 ​offer price. It sold 17.3 million ​shares in its IPO to raise $320.1 million.

The debut ⁠comes as the Middle East conflict — which ​has triggered one of the greatest-ever global ​energy shocks — drives up crude prices and lifts interest in U.S. assets, prompting more oil and gas ​companies to pursue market listings.

The week has ​been busy for new listings, with three IPOs raising ‌more ⁠than $1 billion. AI chipmaker Cerebras Systems and Blackstone Digital Infrastructure Trust are set to debut alongside EagleRock, while Fervo Energy shares ​surged in ​their Wednesday ⁠debut.

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, according to its website.