IOG Capital LP has substantially increased its presence in the Utica Shale through the purchase of nonoperated wells from an affiliate of Sequel Energy Group LLC.

The firm’s IOG Resources LLC reported in early March that it had closed an Ohio Utica acquisition of nonoperated working interests in 77 producing horizontal wells operated by Southwestern Energy Co. and Ascent Resources LLC. Production average about 75 MMcfe (85% gas) as of the Jan.1 effective date.

In 2018, IOG made an initial investment in Belmont County, Ohio, in 10 wells. It followed the next year with two Guernsey County wells.

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