EOG Resources said on Friday it would acquire U.S. oil and gas firm Encino Acquisition Partners for $5.6 billion, including debt, to bolster its Utica shale position.

By Mrinalika Roy (Reuters) -EOG Resources said on Friday it would acquire U.S. oil and gas firm Encino Acquisition Partners for $5.6 billion, including debt, to bolster its Utica shale position.

EOG Resources has entered into a definitive agreement to acquire Encino Acquisition Partners from the Canada Pension Plan Investment Board and Encino Energy for $5.6bn, including net debt.

By Mrinalika Roy (Reuters) -EOG Resources said on Friday it would acquire U.S. oil and gas firm Encino Acquisition Partners for $5.6 billion, including debt, to bolster its Utica shale position.

EOG to Boost Footprint in Gas-Rich Utica. To bolster its position in the natural gas-rich Utica shale play, EOG Resources has agreed to acquire U.S. oil and gas firm Encino Acquisition Partners ...

EOG's financial health remains strong compared with peers. We think it also enjoys a low risk of default. The firm has built a net cash position, while its debt-to-total-capital ratio sits at 15%.

EOG Resources Inc., Houston, has agreed to buy Encino Acquisition Partners LLC, the largest oil producer in Ohio, for $5.6 billion. Executives say the plan will grow EOG’s Utica Shale holdings ...

National Fuel Gas (NFG) stock rose 50% in a year with strong earnings growth. It benefits from energy demand & natural gas ...

EOG Resources is buying Utica shale player Encino Acquisition Partners from the Canada Pension Plan Investment Board and Encino Energy for US$5.6 billion, the US operator announced on Friday.

EOG Resources EOG has entered into a definitive agreement to acquire Encino Acquisition Partners ("EAP") from CPP Investments and Encino Energy for $5.6 billion, including net debt. The acquisition ...