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Might as Well Jump! - EOG Resources, Upbeat on Utica Condensate, Doubles Down With Encino Deal

RBN Energy

There’s been a surge in E&P interest in the Utica Shale’s volatile oil window the past couple of years, and EOG Resources has been particularly optimistic about its potential for producing large volumes of condensate, the lightest of superlight crude oils. billion, including the assumption of EAP’s debt.

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100 Mbbl/d increase in Canadian oil sands sends condensate demand up, AECO gas prices down

Enverus

The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. The good news is that prices for condensate produced by many operators alongside natural gas volumes will likely be quite robust.

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CanCambria Energy Corp signs Kiskunhalas concession contract

Oil & Gas 360º

Covering 30% of the KCA to the north, there exists a large, deep Miocene-age basin named the Soltvadkert Trough, which is analogous in many respects to the petroleum play elements in the Kiskunhalas Trough. The area has no existing deep drilling and is largely unexplored, covered only by old 2D seismic.

Energy 130
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Ring Energy announces the closing of the Lime Rock Permian Basin assets acquisition

Oil & Gas 360º

(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. ABOUT RING ENERGY, INC. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.

Basin 130
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EOG Resources Acquires Encino for $5.6B, Expands Premier Utica Shale Position

Rextag

Post-acquisition, EOG becomes one of the largest producers in the Utica, with pro forma daily production of 275,000 Boe. “This acquisition creates a third foundational play for EOG alongside the Delaware Basin and Eagle Ford, enhancing the quality, scale, and resilience of our multi-basin portfolio,” said Ezra Y. Why the Utica?

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North America Drops More Rigs

Rigzone

A major basin variances subcategory included in Baker Hughes’ rig count showed that, week on week, the Eagle Ford and Permian basins each dropped three rigs, the Granite Wash basin dropped one rig, and the Cana Woodford and Haynesville basins each added two rigs. In the research note, the J.P.

Basin 104
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CanCambria Energy Corp wins exploration tender at Kiskunhalas covering over 230,000 acres

Oil & Gas 360º

It is located adjacent to CanCambrias existing Ba-IX mining license (32,500 acres), creating a consolidated, contiguous position within the Pannonian Basin, a mature and historically productive region in southern Hungary. The newly awarded Kiskunhalas Concession Area covers an area of 945.9