NYSE:EOGOil and Gas
EOG Resources (EOG) Is Buying Encino To Build A Bigger Utica Growth Runway
EOG Resources (NYSE:EOG) has agreed to acquire Encino, giving the company a major position in the Utica shale.
The transaction is focused on integrating Encino's Utica assets into EOG's portfolio and realizing operational synergies.
Management is targeting lower well costs, improved efficiencies, and added drilling inventory that can support multiyear production plans.
EOG Resources is a large independent oil and gas producer with an established presence in key U.S. shale plays. By moving...