EOG Resources to Acquire Encino Acquisition Partners (EAP) for $5.6 Billion

June 3, 2025

EOG Resources announced a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion, inclusive of EAP’s net debt. The deal expands EOG’s Utica shale position by adding 675,000 net acres, creating a combined 1.1 million net-acre Utica footprint.

Buyers
EOG Resources, Inc.
Targets
Encino Acquisition Partners (EAP)
Sellers
Canada Pension Plan Investment Board (CPP Investments), Encino Energy
Industry
Energy
Location
Ohio, United States
Transaction Type
Buyout

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