EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%
Oil & Gas 360º
MAY 30, 2025
Immediate returns-enhancing benefits: significantly expands EOGs contiguous liquids-rich acreage, adds premium-priced gas exposure, and increases working interest The acquisition expands EOGs core acreage in the volatile oil window, which averages 65% liquids production, by 235,000 net acres for a combined contiguous position of 485,000 net acres.
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