EOG, which favors shale plays that offer high-return, low-cost drilling locations, is expanding at home and abroad as it bets on growing US gas demand.
EOG Resources' $5.6 billion purchase of Encino Acquisition Partners gives the US shale player more premium onshore reserves, offsetting some fast-maturing core assets.
The deal also adds gas acreage to EOG's portfolio as the company backs its bullish gas market forecasts, driven by growing US LNG production and power demand.
The Issue
US E&Ps and the majors are moving into unconventional plays in Azerbaijan, Turkey, the Mideast and Australia as they seek more…
Mideast and East Asian firms stake their positions across the gas value chain with acquisitions of upstream assets, LNG equity…
US independents ConocoPhillips and EQT are among those snapping up LNG volumes ahead of a predicted oversupply in the coming…
Energy Intelligence spoke to EQT's William E. Jordan about the barriers that remain hindering the future of US-EU LNG trade.
The merger is the biggest oil and gas deal in months as the U.S. industry continues to consolidate.
After years of uncertainty under the previous US administration, the arrow is again pointing up for US Gulf operators thanks to…
