IOG hikes Texas, Oklahoma play funding

IOG Capital LP said that since May 1 it has committed to fund more than $260 million in the acquisition and development of oil and gas properties in partnership with operators in the Permian basin, STACK, Austin Chalk, and Eagle Ford plays of Texas and Oklahoma.

It already had projects in the Bakken and Marcellus shale plays and earlier positions in the Eagle Ford and STACK regions (OGJ Online, Dec. 3, 2015).

The privately held investment firm, based in Dallas, has interests in more than 180 wells in programs currently using eight rigs.

The programs represent investments exceeding $1 billion, of which IOG expects to fund more than $700 million.

IOG Capital was founded in 2014 by Senior Managing Director Marc Rowland, former executive vice-president and chief financial officer of Chesapeake Energy Corp.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...