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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

Operational expertise and increased scale drive meaningful synergies EOG expects to generate more than $150 million of synergies in the first year driven by lower capital, operating, and debt financing costs. Wachtell, Lipton, Rosen & Katz is serving as EOGs lead legal advisor. About EOG Resources EOG Resources, Inc.

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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

Oil & Gas 360º

Management believes Adjusted EBITDA is useful because it allows it to more effectively evaluate Vipers operating performance and compare the results of its operations from period to period without regard to its financing methods or capital structure. Viper discloses only estimated proved reserves in its filings with the SEC.

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