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Fortune

Jordan Blum

EOG Resources bets big on Ohio oil boom with $5.6 billion Encino deal

EOG Oil EOG Resources Ohio Natural Gas

The EOG Resources logo is shown in front of a screen.

EOG Resources is making a big bet on an Ohio oil boom with the $5.6 billion acquisition of leading Buckeye State producer Encino Acquisition Partners announced May 30.

EOG, ranked 169 in the Fortune 500, is considered a leading trendsetter in the world of U.S. shale oil and gas. Essentially, where EOG explores or acquires, others tend to follow.

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