EOG Resources $5.6B Bet on the Utica: What It Could Mean for the Wider M&A Market
Enverus
JUNE 10, 2025
This move marks EOG’s first major acquisition since its 2016 purchase of Yates Petroleum. Historically, EOG has favored organic growth, focusing on early-entry positions in core shale plays like the Delaware Basin and Eagle Ford. The Utica and Uinta Basin are gaining attention, despite offering significantly less scale.
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