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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

Transaction Highlights Transforms EOG into a leading Utica E&P The acquisition of Encinos 675,000 net core acres significantly increases EOGs Utica position to a combined 1,100,000 net acres, representing more than two billion barrels oil equivalent of undeveloped net resource. The indicated annual rate is $4.08.

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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

This transaction positions Viper to compete for capital with mid and large cap North American E&Ps; except with higher margins, minimal operating costs, and the lowest dividend breakeven in the space. The transaction is subject to customary regulatory approvals and is expected to close in the third quarter of 2025. per share quarterly).

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