EOG's Utica Program Hits Its Stride in Record 2Q26

Houston-based EOG Resources posted record second-quarter 2026 results on August 4th, and buried inside the good news for shareholders is an even better story for Ohio landowners and the Utica supply chain: the former Encino Energy assets EOG bought a year ago are now outperforming the company's own pre-acquisition playbook. EOG's CEO called the deal a "home run" on the August 5th earnings call, and the numbers back him up — well costs down 20% from where Encino left them, drilling and completion speeds up double digits, and activity levels more than tripled versus pre-acquisition rates. Company-wide, EOG posted $2.7 billion in adjusted net income ($5.07/share), $2.8 billion of free cash flow, and record oil volumes of 548.8 MBod. Full detail below, with the Utica numbers front and center.

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