IOG Capital LP closed three separate development capital commitments totaling $185 million in the last 60 days, the private-equity firm said Aug. 12.
IOG’s $60 million commitment will fund development of wells over the next two years in one of the Anadarko Basin’s most active areas. 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 various operators’ development of wells in the Bakken/Three Forks core area. IOG is working with a private working interest owner.
Also, the firm said 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.
IOG Capital LP is based in Dallas.
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