EOG Resources Accumulates 395K Acres in Ohio Utica for Under $500M

| | |

In 2020 EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), sold *all* of its Marcellus assets, which were located in Bradford County, PA, to Tilden Resources for $130 million (see EOG Resources Sells Marcellus Assets for $130M, Exits Basin). EOG left the M-U building, so to speak. But the company couldn’t stay away. An investigative report by TCF Upstream revealed in July that EOG has returned to the Ohio Utica (see EOG Resources Returns to Utica Oil Window After Exiting in 2020). As part of its third quarter update, EOG openly admitted that it has returned to the Ohio Utica in a big way, locking up 395,000 net acres.

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.