# IOG Capital

IOG Capital is a Private Equity based in Dallas, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** Dallas, TX, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.iogresources.com
- **LinkedIn:** https://www.linkedin.com/company/iog-capital

## Regulatory record

- **Reports private funds:** No

## About

IOG is a Texas-based investment firm focused on a non-operated E&P strategy through its three active investment platforms, IOGR I, IOGR II, and IOGR III. IOGR was established in partnership with energy private equity firm First Reserve in 2017. The firm provides capital to leading E&Ps as a strategic non-operated partner.

## Sectors

- Energy Transition & Renewables

## People

- Tommy Woolley — CEO & Director
- George Edwards — EVP - BD
- Jay Heath — EVP - CFO
- James Bennett — Independent Director & Chairman
- Steve Mueller — Independent Director
- Alex Krueger — Director
- Paul Steen — Director
- Neil Wizel — Director
- Barbara Baumann — Independent Director
- Gunnar Blevins — Analyst
- Becky Buckner — Senior Engineering & Data Analyst
- Kyle Chandler — Vice President - Engineering
- James Dean — Senior Vice President - Engineering
- Ben Goodyear — Controller
- Ed Mello — Manager of Land & Legal
- Annie Nagele — Office Administrator
- Ryan Richter — Vice President - Finance
- Marco Rivera — Senior Vice President - Corporate Development
- Jon Stockton — Engineer

## Questions

### How does IOG Capital differ from a traditional upstream operator?

IOG Capital invests exclusively in non-operated working interests, meaning it funds a minority share of drilling and production costs alongside an established operator but does not manage day-to-day field activities. This structure avoids operational overhead while maintaining direct exposure to commodity prices and production volumes. Returns depend on the operator's execution and the underlying reservoir performance.

### Does IOG Capital invest outside the United States?

No. IOG Capital's mandate is concentrated entirely on onshore U.S. oil and gas basins. Public disclosures and fund documentation for IOG Resources I and II consistently reference assets in Texas, New Mexico, and Colorado. International energy exposure is not part of the stated strategy.

### What type of limited partners does IOG Capital typically attract?

The firm's fund structures have drawn commitments from university endowments, charitable foundations, and public pension plans. These institutions are attracted by the current cash yield from producing assets, commodity price upside, and the inflation-hedging characteristics of real asset energy exposure.

### What is the relationship between IOG Capital and IOG Resources?

IOG Capital serves as the investment manager that raises and oversees funds, while IOG Resources is the affiliated operating entity that sources, underwrites, and manages the non-operated working interests. The two entities share Dallas-based leadership and infrastructure, creating a vertically integrated platform for institutional energy investing.

### How does IOG Capital source its investment opportunities?

IOG sources non-operated working interest opportunities through its network of relationships with established exploration and production operators. Rather than competing in broad auction processes, the firm targets bilateral negotiations with operators seeking minority capital partners to fund development programs. Specific operator relationships are rarely disclosed publicly.

## Related profiles

- [IOBC Capital](https://altss.com/profile/iobc-capital)
- [IOI Capital](https://altss.com/profile/ioi-capital)

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Last updated: 2026-08-11T15:07:05.535Z

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