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Stock impact report

IOG Resources II Announces Acquisition

National Fuel Gas Company (NFG) 
Last national fuel gas company earnings: 4/30 04:45 pm Check Earnings Report
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--IOG Resources II, LLC (“IOGR II”) today announced that it has acquired producing gas assets (the “Assets”) in Appalachia from an undisclosed seller. The Assets are operated by Seneca Resources, an affiliate of National Fuel Gas (NYSE: NFG) and consist of non-operated wellbores primarily located in Clearfield, Elk and McKean counties, Pennsylvania. Current net production is approximately 19 mmcfd. This acquisition represents the seventh investment in IOGR II and the nineteenth investment for the IOG Resources platform. Gibson, Dunn & Crutcher LLP acted as legal counsel to IOGR II.About IOG ResourcesIOG Resources is a Texas-based energy investment platform formed in 2014 and sponsored by First Reserve since 2017. Together, IOG Resources and First Reserve are focused on investing in producing non-operated oil & gas assets and structured drilling capital in North America. For more information, please visit www.iogresources.com.About First ReserveFirst Reserve Show less Read more
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