IOG Resources Acquires Producing Gas Assets in Appalachia, Pennsylvania
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IOG Resources has acquired producing gas assets in Appalachia from an undisclosed seller. This acquisition is part of IOG’s strategy to invest in stable, long-life producing assets in key North American.
The assets are operated by Seneca Resources, an affiliate of National Fuel Gas and consist of non-operated wellbores primarily located in Clearfield, Elk, and McKean counties, Pennsylvania. Current net production is approximately 19 mmcfd.
This acquisition represents the seventh investment in IOGR II and the nineteenth investment for the IOG Resources platform.
IOG Resources is a Texas-based energy investment platform formed in 2014 and sponsored by First Reserve since 2017. Together, IOGR Resources and First Reserve are focused on providing onshore producing non-operated oil and gas investments and structured drilling capital in North America.
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