The transaction will be funded through $3.5 billion in new debt and $2.1 billion of existing cash. Post-deal, EOG’s total Utica position will expand to 1.1 million net acres, with more than 2 ...

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).

EOG aims to consolidate the Utica shale oil window, anticipating a potential boom in Ohio. EOG Resources bets big on Ohio oil boom with $5.6 billion Encino deal Skip to main content ...

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 ...

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 ...

HOUSTON, Texas – EOG Resources has announced plans to acquire Encino Acquisition Partners – among the major oil and gas producers in eastern Ohio’s Utica/Point Pleasant shale play – for $5.6 billion.

Chesapeake Energy Corp. (CHK) came into Ohio in 2010 with initial leasing in Jefferson, Harrison and Carroll counties. Its Buell 10-11-5 8H well in 2011 in Harrison kicked off leasing fever when it ...

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.