IOG Resources II Announces Acquisition
11/22/2022 - 04:00 PM
DALLAS --(BUSINESS WIRE)--
IOG Resources II, LLC (“IOGR II”) today announced that it has acquired producing gas assets (the “Assets”) in Appalachia operated by Seneca Resources, an affiliate of National Fuel Gas (NYSE: NFG). 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. Kirkland & Ellis LLP acted as legal counsel for IOGR II.
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 . For more information, please visit www.iogresources.com .
About First Reserve
First Reserve is a private equity firm exclusively focused on investing across diversified energy, infrastructure, and general industrial end-markets. Founded in 1983, First Reserve has 39 years of industry insight, and has cultivated a network of global relationships. First Reserve has raised more than $32 billion of aggregate capital since inception. Its investment and operational experience have been built from over 725 transactions, including platform investments and add-on acquisitions, on six continents.
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IOG Resources II, LLC
214-272-2990
George Edwards
gedwards@iogresources.com
Jay Heath
jheath@iogresources.com
Tommy Woolley
twoolley@iogresources.com
Source: IOG Resources
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NFG Stock Data
Industry
Natural Gas Distribution
Sector
Utilities
Tags
Energy Minerals, Integrated Oil, Utilities, Natural Gas Distribution
Country
US
City
Williamsville
About NFG
america’s energy outlook is more promising than ever. natural gas produced from shale is transforming the energy landscape for the better, driving economic prosperity, reducing utility bills for consumers and helping america to achieve the goal of energy independence. shale gas is also shaping the future of national fuel gas company. through our program to develop the marcellus shale, we are in the midst of a transformation that will drive our growth and produce lasting benefits for national fuel shareholders, employees and the communities that we serve. national fuel gas company is an integrated, diversified energy company with more than 1,800 employees in four operating divisions: exploration and production, pipeline and storage, utility, and energy marketing. national fuel is a leader in practicing the highest standards of responsibility in all aspects of our business. we are committed to providing safe and reliable natural gas delivery, excellent customer service, and responsible e