For a company whose growth story has run through the Delaware Basin for the better part of a decade, EOG's Q2 2026 earnings call put the Utica front and center. CEO Ezra Yacob said most of this year's oil growth traces back to the Encino acquisition, which he called "a home run," and that volume growth is coming mostly out of the Utica. The same holds in the three-year plan, where the Utica and Delaware carry low-single-digit oil growth except the Delaware is down slightly this year and modeled as flat to moderate after that. For a basin most people still associate with Appalachian gas, it has quietly become EOG's oil growth engine. With a whopping 1.1 million net acres, the Utica is set to become the leader in EOG's portfolio (See map below).
