Dallas-based IOG, which was founded by former Chesapeake Energy and FTS International executive Marc Rowland, spread the cash across agreements with 15 different public and private operators working in the Permian, Stack, Austin Chalk and Eagle Ford, the company said, noting it was already active int he Bakken and Marcellus plays as well.
“IOG is pleased to add these additional development programs to our firm’s platform of investments," Rowland said.
