-

IOG Resources II Announces Utica Acquisition

DALLAS--(BUSINESS WIRE)--IOG Resources today announced that IOG Resources II, LLC (“IOGR II”) has acquired non-operated working interests (the “Assets”) in the Utica Shale of the Appalachian Basin from an undisclosed seller. The Assets consist of approximately 175 developed wellbores and approximately 4,500 net acres of leasehold located in Eastern Ohio. Current net production is approximately 26 mmcfe/d under top-tier operators including Antero, Encino, EOG, EQT, Expand and Gulfport.

The acquisition represents the fifth investment made by IOGR II, which was raised in 2022, and the seventeenth investment for the IOG Resources platform. Foley & Lardner, LLC acted as legal counsel.

About IOG Resources

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 & gas investments and structured drilling capital in North America. For more information, please visit www.iogresources.com.

About First Reserve

First Reserve is a leading global private equity firm investing across energy, utility, and industrial markets. Founded in 1983, First Reserve has more than 40 years of industry insight and has cultivated a differentiated network of relationships and portfolio exposure. Since inception, First Reserve has raised over $34 billion of aggregate capital and has developed operational expertise built from over 750 transactions, including platform investments and add-on acquisitions. Please visit www.firstreserve.com for further information.

Contacts

IOG Resources II, LLC
214-272-2990

Industry:

IOG Resources

Release Versions
English

Contacts

IOG Resources II, LLC
214-272-2990

More News From IOG Resources

IOG Resources Announces Formation of Third Investment Vehicle Pursuing Non-Operated Oil & Gas Investments

DALLAS--(BUSINESS WIRE)--IOG Resources, a leading provider of asset-level capital solutions and a strategic partner to the upstream oil & gas sector, today announced the formation of IOG Resources III Holdings, LLC (“IOGR III”). 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 basin...

IOG Resources II Announces Permian Development Partnership

DALLAS--(BUSINESS WIRE)--IOG Resources II, LLC (“IOGR II”) today announced a joint development partnership with Elevation Resources LLC, sponsored by Pine Brook Partners. The 2025 drilling program consists of 10 horizontal Barnett wellbores located in the Permian Basin in Andrews County, Texas. This partnership represents the sixth investment in IOGR II and the eighteenth investment for the IOG Resources platform. Gibson, Dunn & Crutcher LLP acted as legal counsel to IOGR II. About IOG Reso...

IOG Resources II Announces Acquisition

DALLAS--(BUSINESS WIRE)--IOG Resources II, LLC (“IOGR II”) today announced that it has acquired oil and gas working interests and royalty interests (the “Assets”) in the DJ Basin from Civitas Resources, Inc. (NYSE: CIVI). The Assets include approximately 1,480 developed and undeveloped wellbores located primarily in Weld County, Colorado. Current net production is approximately 4.7 mboe/d under top-tier operators including Occidental Petroleum and Chevron Corporation. The acquisition represents...
Back to Newsroom