EOG Resources to Acquire Encino for $5.6B & Expand in Utica Shale

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 ...