IOG Capital LP - 2015-08-12
Description
Closed three separate development capital commitments. The $60 million commitment will fund development of Anadarko Basin wells over the next two years. The commitment was made through a joint development agreement with a privately-held Oklahoma City-based operator. The firm will fund up to $25 million in well proposals over the next year for operators’ development of core Bakken/Three Forks wells. IOG is working with a private working interest owner. The $100 million Eagle Ford joint development agreement with Lonestar Resources Ltd. closed on July 27. IOG will provide capital for strategic development opportunities in the Eagle Ford Shale.