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Announced

IOG Resources II completed the acquisition of the Appalachia gas assets of Seneca Resources.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

United States

Domestic

Acquisition

Friendly

Completed

gas assets

Majority

Integrated Oil and Gas

Private

Synopsis

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IOG Resources II, an energy investment platform, completed the acquisition of the Appalachia gas assets of Seneca Resources, an oil and gas field exploration services company. Financial terms were not disclosed. The producing gas assets consist of non-operated wellbores primarily located in Clearfield, Elk and McKean counties, Pennsylvania with current net production of approximately 17 mmcfd.

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