Key Takeaways EOG is acquiring Encino for $5.6B to establish its third foundational play in the Utica shale. EOG expects the acquisition to raise 2025 EBITDA by 10% and generate $150M in first-year synergies. The deal adds 675K net core acres and 2B barrels of undeveloped resources to the EOG portfolio.EOG Resources (EOG) has entered into a definitive agreement to acquire Encino Acquisition Partners ("EAP") from CPP Investments and Encino Energy for $5.6 billion, including net debt. The acquisition signif ...

EOG Resources (EOG) M&A Announcement May 30, 2025 09:00 AM ET Speaker0 Good day, everyone, and welcome to EOG Resources' Encino Acquisition Conference Call. As a reminder, this call is being recorded. For opening remarks and introductions, I'll turn the call over to EOG Resources' Vice President of Investor Relations, Mr. Pierce Hammond. Please go ahead, sir. Speaker1 Good morning and thanks for joining us. Earlier this morning, we issued a press release announcing a definitive agreement to acquire Encino A ...

Accretive Acquisition Creates Premier Utica Asset Position EOG to Acquire Encino Acquisition Partners Pearce Hammond, Vice President IR (713) 571-4684, phammond@eogresources.com Neel Panchal, Senior Director IR (713) 571-4884, npanchal@eogresources.com Shelby O'Connor, Manager IR (713) 571-4560, soconnor@eogresources.com Accretive Acquisition Creates Premier Utica Asset Position Acquisition Overview: Highly Contiguous Acreage & Strong Strategic Fit Purchase Price: $5.6 Bn Maintains Industry NO Leading Balan ...

HOUSTON, May 30, 2025 /PRNewswire/ -- EOG Resources, Inc. (EOG) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6 billion, inclusive of EAP's net debt. EOG currently expects to fund the acquisition through $3.5 billion of debt and $2.1 billion of cash on hand."This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EO ...

EOG Resources, Inc. (NYSE:EOG) Bernstein Strategic Decisions Conference May 28, 2025 1:30 PM ET Company Participants Ezra Yacob - Chairman and CEO Conference Call Participants Bob Brackett - Bernstein Bob Brackett Good afternoon, Bob Brackett of Bernstein here, Head of America's Energy and Transition coverage. It's my pleasure to welcome EOG Resources and their Chairman and CEO, Ezra Yacob to SDC's fireside chat. I encourage you to stay in this room for the next three hours. One Oak will be joining us next ...

Financial Data and Key Metrics Changes - The company updated its bottom cycle pricing to $45 for oil and $2.50 for natural gas, which is a shift from previous pricing strategies [6][29] - The company aims for a total debt versus EBITDA ratio of less than one times at bottom cycle pricing, indicating a conservative approach to managing debt in a volatile commodity market [83] Business Line Data and Key Metrics Changes - The company reported a 3% oil growth target and double-digit gas growth for the year, with Q1 showing strong demand growth despite previous concerns regarding China [7][8] - The company has seen a year-over-year increase of approximately 2.5 Bcf per day in LNG nameplate capacity, with expectations of further growth in North American gas demand [14][15] Market Data and Key Metrics Changes - Global supply and demand balances are currently more influenced by demand-side factors rather than supply-side issues, with ongoing uncertainty affecting oil demand due to potential tariffs [10][11] - The company anticipates a compound annual growth rate of 4% to 6% for North American gas demand by the end of the decade, driven by increased industrial demand and LNG exports [15] Company Strategy and Development Direction - The company focuses on creating shareholder value through the cycle by investing based on bottom cycle pricing and maintaining a pristine balance sheet [6][82] - The strategy includes diversifying pricing mechanisms for gas sales agreements, allowing flexibility between JKM-linked and Henry Hub-linked pricing [21][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the medium to long-term market outlook, despite short-term volatility, citing strong demand and inventory levels as positive indicators [11] - The company is committed to sustainability and has set new emissions reduction targets, aiming for a 25% reduction in GHG intensity by 2030 [39] Other Important Information - The company has achieved zero routine flaring and is actively involved in carbon capture and storage pilot projects [39][40] - The company has a significant reuse structure in place, reusing approximately 99% of the water sourced for completions and drilling activities [42] Q&A Session All Questions and Answers Question: What is the outlook for oil prices? - Management indicated that while they cannot predict oil prices with certainty, they focus on bottom cycle pricing to guide investment decisions [6] Question: Why should investors be enthusiastic about natural gas prices? - Management highlighted the strategic location of their Dorado play and the expected increase in LNG demand as key reasons for optimism [12][13] Question: How does the company approach M&A? - The company evaluates M&A opportunities based on their ability to compete with existing portfolio options, focusing on low-cost entry and significant upside [85][88] Question: What is the company's stance on ESG? - The company has a long-standing commitment to sustainability and has set specific targets for reducing emissions and improving water management practices [36][39]

The companies operating in the  Zacks Oil and Gas Exploration and Production – United States industry play a critical role in the nation's energy landscape. It involves locating underground or underwater oil and gas reserves, drilling wells, and extracting raw hydrocarbons for processing and distribution. The United States is one of the world's leading producers of oil and natural gas, with key production regions including the Permian Basin, Eagle Ford, Bakken Formation, and the Gulf of Mexico. Technologica ...

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EOG Resources (EOG) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Pearce Hammond - VP - Investor RelationsEzra Yacob - CEO & ChairmanAnn Janssen - Executive VP & CFOJeff Leitzell - EVP & COOScott Hanold - Managing Director - Energy ResearchLeo Mariani - MD & Equity ResearchDerrick Whitfield - Managing DirectorScott Gruber - Director - Oilfield Services & Equipment ResearchNeil Mehta - Head of Americas Natural Resources Equity ResearchKeith Trasko - Senior Vice President of Exploration ...

EOG Resources (EOG) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Speaker0 Good day, everyone, and welcome to EOG Resources First Quarter twenty twenty five Earnings Results Conference Call. As a reminder, this call is being recorded. At this time, for opening remarks and introductions, would like to turn the call over to the Investor Relations Vice President of EOG Resources, Mr. Pierce Hammond. Please go ahead, sir. Speaker1 Good morning, and thank you for joining us for the EOG Resources first quarter t ...