DALLAS--(BUSINESS WIRE)--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.
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.