EOG Resources Inc. to buy private energy company in $2.5 Bil deal – HBJ

Houston-based EOG Resources Inc. (NYSE: EOG) plans to gobble up a private energy company to expand its assets in the Permian and Powder River basins.EOG announced Sept. 6 it plans to buy Artesia, New Mexico-based Yates Petroleum Corp. and some of its subsidiaries and other entities in an approximately $2.5 billion deal. Yates is a privately held crude oil and natural gas company that boasts about 1.6 million net acres across the western U.S.

Source: EOG Resources Inc. to buy Yates Petroleum Corp. – Houston Business Journal

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