IOG Capital Announces Acquisition and Closing of Ohio Utica Assets

Source: www.gulfoilandgas.com 3/3/2021, Location: North America

IOG Capital, LP reported today that, on March 2, 2021, IOG Resources LLC, one of its affiliated companies, closed on the acquisition of certain producing properties from affiliates of Sequel Energy Group LLC for an undisclosed amount. The assets consist of non-operated working interests in 77 producing horizontal wells operated by Southwestern Energy Company and Ascent Resources with net production of approximately 75 mmcfe/d (85% gas) as of the January 1, 2021 effective date.

Advisors
Kirkland & Ellis LLP acted as legal counsel for IOG. Sequel was advised on the sale process by RBC Richardson Barr and Welborn Sullivan Meck & Tooley acted as legal counsel.


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