EOG Drops $5.6B on Big Bet on the Utica ...Middle East

EOG Resources is making a bold northeast push, announcing Friday it will acquire privately held Encino Acquisition Partners for $5.6 billion, including debt. The move positions EOG as a dominant Utica shale player, with 1.1 million net acres and 275,000 boe/d in combined production. The seller, Encino Energy, backed by the Canada Pension Plan Investment Board, controls 675,000 net core acres in the play—most of it contiguous and liquids-rich. That’s precisely what EOG is after. CEO Ezra Yacob called it a “third foundational play”…

Read More Details
Finally We wish PressBee provided you with enough information of ( EOG Drops $5.6B on Big Bet on the Utica )

Also on site :

• EU 'prepared to impose countermeasures' after Trump doubles steel tariffs to 50%
• Evolving U.S.-Canada Relations Spark Shift in Strategy
• OPEC+ nations to begin phased oil production increase in July