Foley Advises IOG Resources in Acquisition of Non-Operated Working Interests in Utica Shale

Foley & Lardner LLP represented IOG Resources II, LLC (IOGR II) in its acquisition of non-operated working interests in the Utica Shale of the Appalachian Basin from an undisclosed seller.

The assets include approximately 175 developed wellbores and around 4,500 net acres of leasehold located in Eastern Ohio. The current net production is approximately 26 mmcfe/d, with operations led by top-tier operators, including Antero, Encino, EOG, EQT, Expand, and Gulfport.

This acquisition represents the fifth investment made by IOGR II and the seventeenth investment for the IOG Resources platform.

The Foley deal team was led by partner Nicholas Peters and of counsel Neal Bakare.