EOG Resources Inc
EOG: XNYS (USA)
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EOG Resources: Firm Strengthens Its Position in the Utica Basin; Shares Undervalued
EOG announced a $5.6 billion deal to acquire 675,000 net acres from Encino in the Utica shale play, in the Appalachian region. This play is known for its extensive supply of natural gas and volatile oil. EOG acquired over 1 billion barrels of oil equivalent in new net reserves in the transaction.
