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.

Pro forma production will reach 275,000 barrels of oil equivalent per day, positioning EOG as a leading producer in the Utica play. EOG Enhances Scale and Returns in Liquid-Rich Acreage. Encino brings ...

EOG Resources has agreed to buy Encino Acquisition Partners for $5.6 billion, extending its acreage in Ohio’s Utica Shale. Encino brings with it 675,000 acres, bringing EOG’s position in the ...

(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.

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.

Most of the state’s additional barrels came from Encino Energy, which EOG Resources plans to buy for $5.6 billion, new state production data show.

Houston-based Tiburon Oil & Gas Partners LLC has secured an equity commitment from private equity firm Post Oak Energy Capital, L.P., alongside commitments from management and additional 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.

EOG Resources, Inc. EOG, a leading Houston, TX-based shale producer, is set to significantly expand its activities in the Utica shale play in Ohio, per a Reuters report. Speaking at the Barclays ...

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).