EOG's acquisition of Encino's assets will expand its liquids-rich acreage in the volatile oil window by 235,000 net acres, creating a contiguous position of 485,000 net acres.

EOG has around 430,000 net acres across the volatile oil window of the Ohio Utica Shale play. (Source: EOG investor presentation) EOG has also acquired 100% of the mineral rights across 135,000 ...

EOG has been drilling in the Utica shale for months now, and it just reported that the play can “compete with the best plays in America.”. Oil production in the Utica has been on the rise in 2023.

EOG Enhances Scale and Returns in Liquid-Rich Acreage. Encino brings 675,000 net core acres to the table, notably including 235,000 net acres in the liquid-rich volatile oil window, averaging 65% ...

The logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. Picture taken December 15, 2017. REUTERS/Chen Aizhu ...

Appalachia is known for natural gas production, mainly from the Marcellus shale - the largest US natural gas basin. It also includes the Utica shale which offers an emerging oil opportunity.

U.S. shale oil output may be nearing its ceiling, says EOG’s COO, as producers face mounting decline rates and investors ...

Shale natural gas production in the Utica was 5.6 Bcf/d in September, 33% less than the monthly high of 8.3 Bcf/d in December 2019 and 10% less than the average of 6.2 Bcf/d in 2023.

That reality is why oil output boomed during the shale revolution of the 2010s as companies chased production growth at all costs. Home BTV+ Market Data Opinion Audio Originals Magazine Events.

The acquisition will elevate EOG's Utica position to 1.1 million net acres, with undeveloped net resources of more than two billion barrels of oil equivalent per day (bboe/d).