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IOG, Fortress Investment Joins Seneca For Marcellus Development
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Seneca Resources has entered into a development agreement with IOG Capital, LP, and Fortress Investment Group, LLC, to jointly develop Marcellus Shale natural gas assets located in Elk, McKean and Cameron counties in north-central Pennsylvania.
Financial terms were not provided.
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Seneca Resources Corporation, has entered into an asset-level joint development agreement with IOG CRV - Marcellus, LLC, an affiliate of IOG Capital, LP, and funds managed by affiliates of Fortress Investment Group, LLC, to jointly develop Marcellus Shale natural gas assets located in Elk, McKean and Cameron counties in north-central Pennsylvania.
Under the terms of the Seneca operated joint development agreement, Seneca and IOG will jointly participate in a program that will develop up to 80…
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