Midland-based Elevation Resources LLC is set to participate in a 2025 drilling program comprising 10 horizontal Barnett wellbores in the Permian Basin.
According to a press release, the drilling program will be located in Andrews County and will be conducted in partnership with Dallas-based IOG Resources II LLC. This venture represents IOG Resources II's sixth investment and the eighteenth for the overall IOG Resources platform.
Gibson, Dunn & Crutcher LLP, a global law firm known for advising clients on significant disputes and transactions worldwide, provided legal services to IOG Resources. The release states that Elevation Resources is an exploration and production company operating in Andrews County on the Central Basin Platform.
The press release further noted that Elevation Resources was established in 2013 with financial backing led by Pine Brook Road Partners. It also mentions that IOG Resources is an energy investment platform formed in 2014 and has been sponsored by First Reserve since 2017.