IOG Resources Acquires Appalachia Assets

摘要

OG Resources II LLC (IOGRII) said Nov. 22 that it acquired producing gas assets in the Appalachian Basin operated by Seneca Resources, an affiliate of National Fuel Gas. The assets consist of nonoperated wellbores primarily located in Clearfield, Elk and McKean counties, Pa., with current net production averaging about 17 MMcf/d. The purchase price was not disclosed. The acquisition represents the initial investment for IOGR II, the successor platform to IOG Resources LLC Both firms are Dallas-based energy investment platforms sponsored by First Reserve.