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IOG Capital Announces Acquisition and Closing of Ohio Utica Assets

·1 min read

IOG Capital, LP ("IOG" or the "Firm") reported today that, on March 2, 2021, IOG Resources LLC, one of its affiliated companies, closed on the acquisition of certain producing properties from affiliates of Sequel Energy Group LLC for an undisclosed amount. The assets consist of non-operated working interests in 77 producing horizontal wells operated by Southwestern Energy Company and Ascent Resources with net production of approximately 75 mmcfe/d (85% gas) as of the January 1, 2021 effective date.

Advisors

Kirkland & Ellis LLP acted as legal counsel for IOG. Sequel was advised on the sale process by RBC Richardson Barr and Welborn Sullivan Meck & Tooley acted as legal counsel.

About IOG Capital, LP

IOG Capital, LP is a Dallas, Texas-based energy investment firm that manages oil and gas assets. The Firm seeks to invest in diversified upstream oil and gas projects located onshore in the United States as a non-operated working interest partner. More information about IOG Capital can be found at www.iogcapital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210303005721/en/

Contacts

IOG Capital, LP
George Edwards, 214-272-2990
info@iogcapital.com