EOG 2026 Utica Program: 3 Rigs, 3 Frac Crews, Drill 85 Wells

Last week, EOG Resources reported strong full-year 2025 results, earning $5.0 billion in net income and returning $4.7 billion in free cash flow to shareholders. For 2026, EOG announced a $6.5 billion capital plan targeting 13% total production growth and increased operational efficiency. A central component of this strategy is EOG's Ohio Utica play, which the company has identified as a top priority alongside the Delaware Basin and Eagle Ford. Following its transformational Encino Energy acquisition last August, the company expects significantly higher activity in the Utica throughout 2026.

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