Shoker: Encino Energy considers the sale or possible IPO for 7b dollars – News on the drilling of Marcellus

We suppose we should not be shocked, but we are. Reuters has only been reporting that CPP Investments Pension Fund, the majority of the owner of Encino acquisition (also known as Encino Energy), is considering either the sale of the company, or possibly initial public offering (IPO), which values ​​the company of about $ 7 billion. Encino’s claim to fame is that after taking over Ohio Utica’s assets at Chesapeake Energy in 2018, he killed the code on how to attach raw oil (condensate) of low -pressure shale (see Oil Prod. -Ncino cracks the oil code). The company has quickly become No. 1 manufacturer of crude oil in UTICA (see Four Pillars by Encino, transformed Co. at the best MU oil producer).

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