Encino Energy is one of the big success stories of drilling for oil in the Ohio Utica Shale. Roughly 5 ½ years ago, Encino Energy, in partnership with the Canada Pension Plan Investment Board (CPP Investments), closed on buying Chesapeake Energy’s Ohio Utica assets for $2 billion (see Encino Takes Over from Chesapeake in Ohio
Encino Energy purchased Chesapeake Energy's Ohio oil and gas assets (including Utica Shale assets) in 2018 for $2 billion (see Encino Takes Over from Chesapeake in Ohio Utica; Big Plans). A few months later, Encino CEO Hardy Murchison and COO Ray Walker (formerly of Range Resources) told attendees at a conference they would do oil
It's been about 3½ years since Encino Energy in partnership with the Canada Pension Plan Investment Board closed on buying Chesapeake Energy's Ohio Utica assets for $2 billion (see Encino Takes Over from Chesapeake in Ohio Utica; Big Plans). A few months after the purchase, Encino management boasted they would run a better drilling program