IOG Resources Acquires Assets in Appalachia
[Click image to enlarge]
IOG Resources II has signed definitive documentation to acquire non-operated oil & gas assets in Appalachia.
The sssets include 66 producing wellbores and 7,000 net acres primarily located in Carroll County, Ohio and Butler County, Pennsylvania with current net production of approximately 24 mmcfe/d including a substantial liquids component.
The acquisition represents the second investment for IOGR II. Following the transaction, the IOG Resources platform will have completed 14 discrete investments across 6 core basins in the US.
The transaction is expected to close during the second quarter of 2023 subject to satisfaction of customary closing conditions.
About IOG Resources
IOG Resources, LLC and IOG Resources II, LLC are Dallas, Texas-based energy investment platforms sponsored by First Reserve. The group was established in 2017 and is focused on onshore producing non-operated oil & gas investments and structured drilling capital in North America.
To stop by IOG’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2023 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
