Latham & Watkins Advises CPP Investments and Encino Energy in US$5.6 Billion Sale of Encino Acquisition Partners to EOG Resources

Canada Pension Plan Investment Board (CPP Investments) announced the sale of Encino Acquisition Partners (EAP), a leading oil and gas producer in Ohio, to EOG Resources. EOG Resources will acquire EAP for US$5.6 billion, inclusive of EAP’s net debt. The transaction is expected to close in the second half of 2025, subject to the satisfaction of customary closing conditions and regulatory approvals.

Latham & Watkins LLP represents CPP Investments and Encino Energy in the transaction with a deal team led by partners David Allinson, Justin T. Stolte, and Thomas Brandt, with counsel James Robertson and associates Ransel Potter, Ziyad Barghouthy, Kevin Donovan, Armaan Bhimani, Emily Brown, and Robert Cunningham. Advice was provided on securities matters by partner Ryan Maierson; on capital markets matters by partners David Miller and Samuel Rettew, with associates Sarah Rodrigue, Lewis Ntolla, and Patrick Donlon; on tax matters by partners Tim Fenn and Jim Cole; on antitrust matters by partner Jason Cruise; on environmental matters by partner Joshua Marnitz, with associate Nolan Fargo; on benefits and compensation matters by partner Adam Kestenbaum and counsel Krisa Benskin; on finance matters by partner Nathan Whitaker; on insurance matters by partner Harrison White; and on regulatory matters by counsel Timothy McCarten.