Mon, June 2, 2025
[ Today @ 10:01 AM ] - Fortune
Citi Wealth chief investment officer says she would not put any more money in stocks right now
[ Today @ 10:01 AM ] - Impacts
Breaking news! The United States, big move! Trump, the latest announcement!!
[ Today @ 09:01 AM ] - wjla
5 tips to find safer stocks amid recession fears
[ Today @ 08:30 AM ] - WOPRAI
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[ Today @ 07:01 AM ] - Fortune
AI-built startups could fuel increase in venture capital 'zombie' funds
[ Today @ 06:01 AM ] - Fortune
Stocks closed mixed in most volatile session sinc .. mic as Wall Street is 'starting to find a bottom'
[ Today @ 05:01 AM ] - Artemis
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15 Earnings Releases for Jun 02nd, 2025
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[ Yesterday Afternoon ] - Investopedia
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EOG Resources bets big on Ohio oil boom with $5.6 billion Encino deal


//stocks-investing.news-articles.net/content/202 .. -ohio-oil-boom-with-5-6-billion-encino-deal.html
Published in Stocks and Investing on Friday, May 30th 2025 at 12:21 GMT by Fortune   Print publication without navigation

  • EOG aims to consolidate the Utica shale oil window, anticipating a potential boom in Ohio.

EOG Resources is making a significant investment in Ohio's Utica shale, betting on an oil boom in the region. The company plans to drill dozens of new wells, aiming to capitalize on the high-quality oil reserves found in the area. This move is part of EOG's strategy to diversify its portfolio and tap into new sources of oil, amidst fluctuating global oil prices. The investment is expected to create jobs and stimulate economic growth in Ohio, although it also raises environmental concerns among local communities. EOG's CEO, Ezra Yacob, expressed confidence in the project, citing the company's successful track record in similar shale plays.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/30/eog-resources-bets-big-ohio-oil-boom/ ]

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