NYSE:EOGOil and Gas
EOG Resources’ US$5.6b Utica Deal Reshapes Growth And Gas Exposure
EOG Resources (NYSE:EOG) agreed to acquire Encino Acquisition Partners for US$5.6b.
The deal expands EOG's operational presence in the Utica Shale basin.
The transaction is expected to reshape EOG's production profile and capital allocation priorities over time.
EOG Resources is a large independent oil and gas producer with a focus on U.S. shale assets, and the Encino Acquisition Partners deal adds another meaningful position in the Utica Shale. For you as an investor, this kind of...