IOG Resources III backs $125-million drilling program in Powder River basin
March 17, 2026
(World Oil) – IOG Resources III has closed a $125-million joint development partnership to fund an 18-well horizontal drilling program targeting the Niobrara formation in Wyoming’s Powder River basin. The program is located in Converse County and represents the platform’s first investment under IOGR III. The undisclosed operating partner will execute the drilling campaign, which adds to ongoing development activity in one of the Rockies’
