Encino to follow strategy of stable development
Tuesday, April 2, 2019
Encino may have retained Chesapeake’s office and 110 employees; however, it’s committing to a business model of its own, according to the Canton Repository.
Texas-based Encino Energy plans to focus on proven reserves and a healthier balance sheet rather than spending freely to explore new areas and accumulating debt.
Encino Energy, a partner in Encino Acquisitions Partners, bought Chesapeake Energy’s assets in Ohio last year for $2 billion, including an office building office in Louisville, drilling rights to 900,000 acres and more than 900 wells.
Learn more: Canton Repository > Encino Energy shooting for stability in Ohio
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