Encino Energy Sells Stake in Encino Acquisition Partners for $5.6BN

Houston, Texas (August 12, 2025) – Platform Partners Investment Company (“Platform”), a Houston-based private investment firm, is pleased to announce its portfolio company Encino Energy (“Encino”) has sold its entire stake in Encino Acquisition Partners (“EAP”), a leading oil and gas producer in Ohio, to EOG Resources (NYSE: EOG). EOG Resources acquired EAP for US$5.6 billion, inclusive of EAP’s net debt. The transaction was effective August 1, 2025.

Platform partnered with Hardy Murchison, Encino’s Founder and Chief Executive Officer in 2011 and built an exceptional executive team. In 2017, Encino formed EAP in partnership with the Canadian Pension Plan Investment Board (“CPPIB”) and built a significant asset base in the Utica shale that was recently acquired by EOG.

“We’re thrilled to see Hardy’s and the full Encino team’s vision and hard work recognized by EOG, and we are proud of what we built together over the last fourteen years. We have enjoyed the partnership with the Encino and CPPIB teams, both of whom share Platform’s long-term approach to investing and value creation,” said Fred Brazelton, Co-CEO of Platform.

About Platform Partners LLC
Founded in 2006, Platform Partners LLC is a private investment company based in Houston that makes investments in lower middle-market companies with the intent of growing these businesses into industry leaders through a combination of organic and acquisition growth. Platform invests through a perpetual holding company structure allowing for a long-term, patient approach to partnering with entrepreneurs to build companies. For more information, please visit platformllc.com or follow us on LinkedIn.