IOG Capital Announces $185m in Development Commitments in Key Resource Plays

Source: www.gulfoilandgas.com 8/12/2015, Location: North America

IOG Capital, L.P. has closed three separate development capital commitments that total $185 million in the last 60 days.

IOG’s joint development agreement with a privately-held Oklahoma City-based operator will provide the Firm with its first entry into one of the most active areas of the Anadarko basin. IOG’s $60 million commitment will fund the development of wells over the next two years.

Additionally, IOG is working with a private working interest owner to provide funding for well proposals from various high quality operators to develop wells in the core of the Bakken and Three Forks. IOG will fund up to $25 million over the next twelve months.

IOG completed these two transactions in addition to the $100 million Eagle Ford joint development agreement IOG Capital closed on July 27, 2015 with Lonestar Resources Ltd. (OTCQX:LNREF, ASX:LNR). Under the agreement with Lonestar, IOG will provide capital for strategic development opportunities in the Eagle Ford Shale.

The Firm is focused on providing capital for onshore oil and gas development projects that meet its investment parameters:

- Require between $25 million and $250 million
- Operated by experienced teams
- Demonstrated cost and well performance profiles
- Marketing infrastructure in-place


Cameroon >>  6/30/2022 - Victoria Oil & Gas Plc provides the following update in relation to its Annual Report and Accounts and trading position.

Annual Report and...

Canada >>  6/30/2022 - International Petroleum Corporation ("IPC" or the "Corporation") announces that the Swedish Financial Supervisory Authority approved the prospectus in...

Canada >>  6/30/2022 - Trillion Energy International Inc. is pleased to announce the closing of its previously announced increased best efforts marketed public offering (the...
Netherlands/Holland >>  6/30/2022 - With the help of a syndicate of 12 international relationship banks, Vopak was able to successfully extend its EUR 1 billion senior unsecured revolvin...

Norway >>  6/30/2022 - In line with the objective for the share buy-back programme which was executed by Equinor ASA in three tranches in the period 28 July 2021 until 25 Ma...
United Kingdom >>  6/30/2022 - Orcadian Energy Plc is pleased to announce that, further to its announcement of 7 a.m. (London time) today, it has successfully completed and closed t...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.