EOG Resources to acquire Encino Acquisition Partners from CPP Investments and Encino Energy for $5.6bn.

EOG Resources, a crude oil and natural gas exploration and production company, agreed to acquire Encino Acquisition Partners from CPP Investments, an investment management organization, and Encino Energy, an oil and gas operating company, for $5.6bn. "This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets. Encino's acreage improves the quality and depth of our Utica position, expanding EOG's multi-basin portfolio to more than 12bn barrels of oil equivalent net resource," Ezra Y. Yacob, EOG Chairman and CEO.