IOG Resources Forms Third Entity Focused on Non-Op M&A
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IOG Resources has formed IOG Resources III Holdings. IOG is a leading provider of asset-level capital solutions and a strategic partner to the upstream oil and gas sector.
“We are excited to continue our partnership with First Reserve, adding capacity and duration to our business with this third and already largest vehicle to date,” said Tommy Woolley, CEO and board member of IOG Resources.
“Grounded in a decade of experience navigating the commodity cycles and an evolving macro environment, we will continue providing flexible solutions for leading operators,” added Woolley.
Like its two predecessor vehicles, IOGR III was formed in partnership with private equity firm First Reserve and will focus on the acquisition of non-operated working interests and the formation of development joint ventures in all major North American onshore basins.
IOG Resources targets investments ranging from approximately $50 to $200 million and has built a diversified portfolio of assets that represents over 20 mboe/d of net production as of May 2025.
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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