One-Page Deal Sheet
PE-Backed IOG Resources II Acquires Marcellus Non-Op
Not Disclosed Not Disclosed
Announced Date
November 22,2022
Transaction Type
Working Interest
Source Documents:
Location
Country
United States
State
Pennsylvania
County
Clearfield ,Elk ,McLean
Play
Production Production
17 MMcf/d
Production Mix
100 % Gas
Transaction Details:
PE_Backed, IOG Resources II, today said that it has acquired producing gas assets in Appalachia operated by Seneca Resources. The Assets consist of non-operated wellbores primarily located in Clearfield, Elk and McKean counties, Pennsylvania with current net production of approximately 17 mmcfd. The company did not disclose the value of the transaction.
The acquisition represents the initial investment for IOGR II, the successor platform to IOG Resources, LLC.
Following the transaction, the IOG Resources platform includes 13 discrete investments across 6 core basins in the US.
IOG Resources is backed by PE Firm, First Reserve.
Map - Seneca's acreage/footprint
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