EOG strengthens Utica presence with $5.6bn acquisition deal

Eog Resources has concluded a final agreement to obtain ENCINO’s acquisition partners from the Pacific Pension Planning Plan in Canada and ENCINO Energy for $ 5.6 billion, including net debt.

This step was set to transform the EOG status in UTICA SHELE, which greatly expands its basic basic acre.

The acquisition will lead to the upload of UOG UEG to 1.1 million net acres, with uncontrolled net resources more than two billion barrels of oil equivalent per day (BBOE/D).

The deal is expected to accumulate immediately with the net value of the assets in EOG and the financial standards for each post, which enhances the annual EBITDA (profits before benefits, taxes, consumption and extinguishing) by 10 %, and the cash flow of operations and free cash flow by 9 %.

EOG’s acquisition of ENCINO assets will expand its liquid areas in the volatile oil window by 235,000 net acres, creating a adjacent position of 485,000 net acres.

It also adds 330,000 net acres in the natural gas window, with production exposed to distinguished markets.

EOG’s interest in the northern area will increase, as it has witnessed excellent results, by more than 20 %.

The operational experience and the increase in the acquisition process will generate more than $ 150 million in synergy in the first year. This synergy will come from the costs of low capital, operation and debt financing.

In addition, the EOG strategy to restore capital supports shareholders, as it is clear from an increase of 5 % in profits.

EOG Board of Directors announced the distribution of profits of $ 1.02 per share, which will be paid on October 31, 2025 to shareholders on October 17, 2025. The annual average is $ 4.08.

The transaction, is expected to be closed in the second half of 2025, is subject to the clearance of the Hart-Scott-Rodino law and other customary conditions.

“This acquisition combines the leading large areas of UTICA, creating a third founding play for EOG alongside the Dilayer Basin and Eagle Ford Assets. ENCINO improves quality and depth of our UTICA website,” said EOG Chairman and CEO Ezzra Yakoub.

“EOG enhances the presence of UTICA with the acquisition of $ 5.6 billion” was originally created by Offshore Technology, a brand owned by Globaldata.

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