EOG Resources expands operations in Utica Shale
Wednesday, November 9, 2022
EOG Resources Inc. expanded its operations in the Utica Shale, acquiring 395,000 net acres and 135,000 mineral acres for a combined cost of under $500 million, according to Natural Gas Intelligence.
The newly-acquired acreage spans a 140-mile trend targeting oil and both wet and dry natural gas in the Utica.
The Utica assets add to the company’s portfolio, which includes operations in the Permian, Williston, Powder River, Denver-Julesburg, and Anadarko basins, along with the Eagle Ford and Barnett shale formations, among other areas.
Learn more: Natural Gas Intelligence > EOG expands into Utica Shale, touts global natural gas, oil pricing
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