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PE-Backed IOG Resources II Acquires Marcellus Non-Op

Announced Date
November 22,2022
Transaction Type
Working Interest
Source Documents:
   Source Link
United States


Clearfield ,Elk ,McLean


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

Price History

Date Deal Headline Price$/acre
Jan-11-2024 Chesapeake To Acquire Southwestern Energy - -
Sep-08-2022 EQT to Acquire Appalachia E&P, Midstream Assets for $5.2 Billion in Cash/Stock - -
Sep-06-2022 Sitio Royalties, Brigham to Merge in All-Stock Deal Worth $4.8 Billion - -

Other National Fuel Gas Co. Deals

Announced DateBuyerSellerDeal Value($mm)LocationCategory
May-04-2020 - - Click here Pennsylvania  E&P
Jan-10-2011 - - Click here Pennsylvania  E&P

Other IOG Capital LP Deals

Announced DateBuyerSellerDeal Value($mm)LocationCategory
Mar-03-2022 - - Click here New Mexico  E&P
Jul-05-2018 - - Click here Texas  E&P
Jul-05-2018 - - Click here Texas  E&P
Sep-15-2017 - - Click here Texas  E&P
Sep-14-2017 - - Click here Oklahoma  E&P