partial map of Pennsylvania counties in the north-central region
Earlier this week, IOG Resources II, LLC announced that it has acquired producing gas assets in Appalachia from an undisclosed seller. The shale assets are located in Clearfield, Elk, and McKean counties in Pennsylvania and operated by Seneca Resources. IOG’s strategy is to invest and help fund drilling, but leave the drilling and management of the drilling/selling gas to someone else. In return for funding new wells, IOG gets a cut of the profit.
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