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EOG Resources (EOG) Earnings Call Presentation
2025-05-30 13:06
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 ...
EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5%
Prnewswire· 2025-05-30 12:00
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 ...
Tenth Avenue Petroleum Announces First Quarter 2025 Financial & Operating Results
Thenewswire· 2025-05-29 12:00
 NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION IN THE UNITED STATES Calgary, Alberta - TheNewswire - (May 29, 2025) – Tenth Avenue Petroleum Corp. (“TPC” or the “Company”) (TSXV:TPC) is pleased to announce its financial and operating results for the three months ended March 31, 2025. The associated management’s discussion and analysis (“MD&A”) and unaudited interim financial statements for the three months ended March 31, 2025, can be found at www.sedarplus.ca and www.tenthavenuepetroleum.com ...
Indonesia Energy Provides Update on Recently Completed Operations on the Citarum Block
Globenewswire· 2025-05-29 12:00
Geochemical survey completed confirming gas and oil presence in previous discoveries which will be the target of first well to be drilled by IEC at Citarum JAKARTA, INDONESIA AND DANVILLE, CA, May 29, 2025 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced encouraging results from a regional geochemical survey conducted between September 2024 and March 2025 at IEC’s 195,000 acre Citarum Block ...
Devon Energy vs. EOG Resources: Which Oil Stock Offers More Value Now?
ZACKS· 2025-05-28 14:36
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 ...
ConocoPhillips Clears Key Hurdle Ahead of Australian Drilling Push
ZACKS· 2025-05-28 14:21
Group 1 - ConocoPhillips' subsidiary, ConocoPhillips Australia, has completed seabed surveys in the Otway Basin, preparing for an exploration program [1][2] - The drilling campaign is set to begin in Q3 2025 using the Transocean Equinox semi-submersible rig, with data collected to inform safety and environmental planning [2] - The Korea National Oil Corporation has joined the Otway gas hunt alongside ConocoPhillips Australia and 3D Energi, with active permits located near existing gas-producing fields [3] Group 2 - ConocoPhillips Australia currently holds an 80% stake in the project, which will be reduced to 51% under a pending farm-down agreement, with KNOC acquiring a 29% share [4] - The exploration drilling aims to identify natural gas reserves to support Australia's domestic energy market, emphasizing the importance of natural gas for electricity generation and heating [5] - The company has a long history of natural gas development in the region, which is crucial for meeting Australia's future energy needs, and has implemented strong environmental mitigation measures [6] Group 3 - ConocoPhillips is reshaping its global portfolio while advancing its Australian drilling plans, having exited stakes in certain Shell-operated assets in the Gulf of America [7] - With the completion of seabed surveys and new partners involved, ConocoPhillips is positioned to commence a critical exploration phase in the Otway Basin, reinforcing its commitment to Australia's gas security [8]
Angkor Resources' Subsidiary Deploys Seismic Analytical Team On Onshore Block VIII, Cambodia
Thenewswire· 2025-05-28 12:30
Core Viewpoint - Angkor Resources Corp. announces the deployment of geoscientists and seismic contractors for a 350-kilometer seismic program on Block VIII in Cambodia, aiming to evaluate hydrocarbon potential and identify drill targets for oil and gas exploration [1][2][3]. Group 1: Project Details - EnerCam Resources, a subsidiary of Angkor, has completed a five-day scoping program to assess planned seismic lines, identifying access routes and potential challenges [2]. - The project involves a 2-D seismic survey along the west side of Block VIII, with the goal of interpreting seismic data to establish drill targets [2]. - The team has traveled over 1,340 kilometers during the scouting program, and plans to deploy 30-40 personnel for the seismic execution upon receiving environmental approval [5]. Group 2: Community Engagement - The company has engaged with local communities, receiving positive feedback regarding oil and gas development, which is seen as an opportunity for employment and economic growth [6]. - In response to community requests, the company has initiated clean water and sanitation projects for vulnerable families, demonstrating its commitment to social responsibility [7]. Group 3: Company Background - Angkor Resources Corp. is publicly listed on the TSX-Venture Exchange and focuses on resource optimization in Cambodia, with interests in mineral and energy solutions [9]. - The company’s energy subsidiary, EnerCam, holds an onshore oil and gas license covering 3,729 square kilometers in Block VIII, indicating significant exploration potential [9].
Indonesia Energy Provides Update on Operations and Reserves and Planned Drilling During the Remainder of 2025
Globenewswire· 2025-05-27 12:30
2024 investments in seismic and other work and Kruh contract extension increased reserves at Kruh Block by over 60% JAKARTA, INDONESIA AND DANVILLE, CA, May 27, 2025 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today provided an update on IEC’s planned drilling activity for the second half of 2025. During 2024, IEC scaled back drilling activity at its Kruh Block asset and invested in seismic and other ...
Indonesia Energy Provides Update on its Strategic Vision and Dedication to the Future of Energy Development in Indonesia
Globenewswire· 2025-05-27 11:00
Follow IEC’s vision through its multi-weekly updates on LinkedIn and its website JAKARTA, INDONESIA AND DANVILLE, CA, May 27, 2025 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, issued today a letter to shareholders from the company’s senior management outlining IEC’s strategic vision and dedication to playing a key role in energy development in Indonesia as well as the country’s future in general. You c ...
Equinor Secures Permit for North Sea Well Using COSL Rig
ZACKS· 2025-05-26 11:01
Equinor ASA (EQNR) , the Norwegian energy major, has obtained a key drilling permit for an exploration well in the Norwegian North Sea, signaling continued momentum in offshore energy activity. The permit, granted by the Norwegian Offshore Directorate, allows the company to drill wellbore 35/11-31 S within production license 090.The drilling operation will be carried out using the COSL Innovator, a semi-submersible rig operated by COSL Drilling Europe. This unit, built in 2012, is capable of operating in wa ...