IOG Resources Acquires Seneca Resources’ Producing Gas Assets in Appalachia
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IOG Resources II has acquired producing gas assets in Appalachia operated by Seneca Resources, an affiliate of National Fuel Gas.
The assets consist of non-operated wellbores primarily located in Clearfield, Elk, and McKean counties, Pennsylvania with current net production of approximately 17 mmcfd.
The acquisition represents the initial investment for IOGR II, the successor platform to IOG Resources, LLC. Following the transaction, the IOG Resources platform includes 13 discrete investments across 6 core basins in the US.
About IOG Resources
IOG Resources and IOG Resources II 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
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