Noble Midstream Partners LP expects to raise as much as $263 million in its IPO after withdrawing plans to go public earlier.

The wholly owned unit of Noble Energy Inc. (NYSE: NBL) said on Sept. 7 it expects to price the offering of 12.5 million common units at between $19 and $21.

The Houston-based company shelved its plan to go public in November due to a slump in oil prices. It first filed for an IPO on Oct. 22.

This year marks a rough patch for IPOs. Freeport-McMoRan Inc.'s (NYSE: FCX) oil and gas business withdrew its IPO in May as weak oil prices dented valuations of oil producers.

Only two or three oil and gas producers are expected to start trading by the end of 2016, sources had told Reuters.

Further offerings, as many as eight more, could have IPOs by mid-2017 depending on shareholder reception and the price of oil, they said.

Barclays, Baird, J.P. Morgan, BofA Merrill Lynch, Citigroup and Deutsche Bank Securities are among underwriters to the Noble Midstream offering.