Wachtell, Akin, Latham Assist EOG’s $5.6 Billion Utica Bid (1)

May 30, 2025, 5:13 PM UTCUpdated: May 30, 2025, 10:38 PM UTC

Big Law firms including Wachtell and Latham & Watkins guided the parties involved in shale producer EOG Resources’ $5.6 billion plans to purchase oil and gas company Encino Acquisition Partners from Canada Pension Plan (CPP).

A team of Wachtell, Lipton, Rosen & Katz’s lawyers led by Daniel A. Neff and Zachary S. Podolsky guided EOG as its lead advisor.

Akin Gump Strauss Hauer & Feld also steered the company. Jon Boben and John Goodgame led the Akin team.

Latham & Watkins guided Canada Pension Plan Investment Board’s sale of Encino. CPP owns a majority of the company. Latham’s team was led by partners David Allinson, Justin T. Stolte, and Thomas Brandt.

The acquisition of Encino’s 675,000 acres in the Utica Shale formation in the Appalachian Basin significantly increases EOG’s Utica position to a combined 1,100,000 net acres, according to a statement by EOG Resources.

The transaction is expected to close in the second half of this year.

(Adds Akin team in third paragraph.)


To contact the reporter on this story: Mahira Dayal in New York at mdayal@bloombergindustry.com

To contact the editor responsible for this story: Alessandra Rafferty at arafferty@bloombergindustry.com

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