EOG Shifts Capital to Oil-Weighted Utica, Adds 10 Wells

EOG Resources is one of the largest crude oil and natural gas exploration and production companies in the U.S., with proved reserves in the U.S. and Trinidad. The company bought and merged with Encino Energy's extensive Ohio Utica operation last August, making EOG one of the largest drillers in the Buckeye State (see EOG Closes on $5.6B Purchase of Encino Assets in Ohio Utica). The deal made the Utica one of EOG's "foundational plays" with a total core acreage position of 1.1 million net acres and associated resource potential net to the company of 2-plus billion barrels of oil equivalent. Last week, EOG issued its first quarter 2026 update, including details on its Utica program.

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