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EOG Resources To Buy Encino Acquisition Partners In $5.6 Bln Cash, Debt Deal

On May 30, 2025, EOG Resources announced a $5.6 billion deal to acquire Encino Acquisition Partners, expanding in the Utica shale region.
EOG pursued the acquisition to increase its Utica position by 675,000 net acres, bringing its total to 1.1 million acres with over 2 billion barrels equivalent resources.
Encino operated 1,068 wells in eastern Ohio, producing nearly 48% of the state's oil in 2024 and forming a contiguous 485,000-acre liquids-rich zone.
EOG CEO Ezra Yacob stated that the purchase significantly expands their prime holdings in the Utica region, establishing a new core area for the company alongside its Delaware Basin and Eagle Ford operations.
The deal is anticipated to finalize sometime in the latter half of 2025, targeting $150 million in first-year cost synergies and reinforcing EOG’s role as a leading operator in the Utica shale region.

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EOG Resources to buy Encino Acquisition Partners from CPP in $5.6B deal

17 days ago·United States

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Nasdaq

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EOG Resources To Buy Encino Acquisition Partners In $5.6 Bln Cash, Debt Deal

(RTTNews) - EOG Resources, Inc. (EOG), a crude oil and natural gas exploration and production company, announced Friday a definitive agreement to acquire Encino Acquisition Partners or EAP for $5.6 billion, including EAP's net debt.

12 days ago

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L'AGEFI

Canada Pension Plan Releases From Oil Tanker Encino Acquisition Partners

EOG Resources will acquire Encino Acquisition Partners (EAP) for $5.6 billion.

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Hart Energy

Who’s Next in Ohio Utica M&A Deal-Making?

EOG Resources’ deal to buy Encino Energy leaves 40% of Ohio’s oil output up for M&A grabs as well as nearly 5 Bcf/d of gas and NGL output, according to a Hart Energy analysis of Ohio production data.

12 days ago

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World Oil

EOG takes leading Utica position with $5.6 billion Encino deal

EOG Resources today announced a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion. The deal positions EOG as a leading E&P within the Utica shale play, adding 675,000 net acres for a combined 1,100,000 acres, and representing more than two billion boe of undeveloped resource.

12 days ago·Houston, United States

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