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EOG Resources Acquires Encino for $5.6B, Expands Premier Utica Shale Position

Rextag

million net acres and more than 2 billion barrels of oil equivalent (Boe) in undeveloped resources. Condensate, Contiguity, and Competitive Returns The volatile oil window of eastern Ohio — covering counties like Carroll, Guernsey, Harrison, and Noble — has seen a sharp rise in condensate production. Why the Utica?

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From West to East: Keyera Builds National NGL Corridor with Plains $5.15B Acquisition

Rextag

Earnings growth : Fee-based adjusted EBITDA is projected to grow by ~50% in the first full year , including C$100 million in near-term synergies from operational efficiencies and cost savings. Financial stability : The deal will be financed via a fully committed acquisition credit facility led by RBC and a C$1.8

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Pemex Posts First Profit in Over a Year

Rigzone

The positive report comes as Sheinbaum’s administration seeks to sell as much as $12 billion in securities to international investors in a bid to raise financing to help pay Pemex’s roughly $100 billion in debt. The profits could help to make the financing round go more smoothly. million barrels per day, down 8.6%

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EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%

Oil & Gas 360º

Encinos acreage improves the quality and depth of our Utica position, expanding EOGs multi-basin portfolio to more than 12 billion barrels of oil equivalent net resource. Pro forma production totals 275,000 barrels of oil equivalent per day creating a leading producer in the Utica shale play. Advisors Goldman Sachs & Co.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay.

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Ring Energy announces the closing of the Lime Rock Permian Basin assets acquisition

Oil & Gas 360º

Lime Rocks CBP operations are located in the Permian Basin in Andrews County, Texas, and are focused on the development of approximately 17,700 net acres where the majority are similar to Rings existing CBP assets in the Shafter Lake area, and the remaining acreage exposes the Company to new active plays.

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Dana Gas Increases Investment in Kurdistan Fields

Iraq Business News: Oil & Gas

Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG. The proceeds will be used to finance these near-term growth opportunities and for general corporate purposes.