US EditionCPP Investments and Partner Sell Encino Acquisition Partners Stake in US$5.6B Deal
- CPP Investments and Encino Energy sold their majority stakes in Encino Acquisition Partners to EOG Resources in a $5.6 billion deal announced in 2025.
- Encino Acquisition Partners was created in 2017 by CPP Investments, holding 98%, and Encino Energy to build a leading U.S. Oil and gas asset buyer.
- EOG anticipates that the acquisition will expand its Utica acreage to approximately 1.1 million net acres and boost its production to around 275 thousand barrels of oil equivalent daily.
- EOG's CEO Ezra Y. Yacob said the deal creates a third foundational play, combining premier Utica acreage and meeting strict acquisition criteria at an attractive price.
- The transaction, subject to regulatory approval and closing conditions, will be accretive to EOG's 2025 EBITDA and cash flow, with closing expected in late 2025.
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First Gen sells 60% of gas business to Razon for P50B
MANILA, Philippines — Lopez family- led First Gen Corp. (First Gen) has struck a deal to sell 60 percent of its gas business to ports and infrastructure tycoon Enrique Razon-led Prime Infrastructure Capital Inc. for at least P50 billion. In a regulatory filing on Saturday, the energy producer said the parties had executed a term sheet, signaling Prime Infra’s entry into the group’s gas assets. Prime Infra will hold a 60-percent stake in the foll…
The Peterborough Examiner
CPP Investments and partner sell Encino Acquisition Partners stake in US$5.6B deal
TORONTO - Canada Pension Plan Investment Board says it and Encino Energy are selling their holdings in an Ohio oil and gas producer for US$5.6 billion including debt.
EOG Resources to Acquire Encino Acquisition Partners from CPP Investments and Encino Energy, Strengthening Premier Utica Asset; Increases Regular Dividend 5% – Oil & Gas 360
(Oil & Gas 360) – Publisher’s Note: EOG Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. HOUSTON, May 30, 2025 /PRNewswire/ — EOG Resources, Inc. (EOG) today announced a definitive agreement with Canada Pension Plan Investment Board (CPP) and Encino Energy under which EOG will acquire Encino Acquisition Partners (EAP or Encino) for $5.6 billion, inclusive
Shale producer EOG boosts Utica footprint with $5.6 billion Encino deal
May 30 (Reuters) – EOG Resources (EOG.N) said on Friday it would acquire U.S. oil and gas firm Encino Acquisition Partners for $5.6 billion, including debt, to bolster its Utica shale position. The Utica and Marcellus region is one of the world’s most prolific and vital natural gas production areas, with output topping 35 billion cubic feet per day and decades of reserves yet to be tapped, attracting the interest of several producers. Encino Acq…
EOG Resources to Acquire Encino Acquisition Partners for $5.6 Billion - The Texas Lawbook
The deal, which makes Houston-based EOG one of the largest producers in Appalachia's Utica shale play was advised by Wachtell, Akin and Latham & Watkins. The post EOG Resources to Acquire Encino Acquisition Partners for $5.6 Billion appeared first on The Texas Lawbook.
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