DALLAS-based IOG Capital has funded three new tight-oil and gas development projects in the US with gross investments totalling $130 million.
The projects will be focused on the Eagle Ford shale in South Texas, the Merge play in Oklahoma, and the Arkoma-Woodford area, also in Oklahoma.
The investment fund, which is helmed by former Chesapeake Energy chief financial officer Marc Rowland, has launched a new affiliate called IOG Resources (IOGR) to participate in the projects.
