Latest news with #Encino
CBS News
15 hours ago
- CBS News
4 suspects use blowtorches empty safes at Encino jewelry store
A family-owned jewelry store in Encino is left with virtually nothing after a group of thieves emptied their safes in a Monday morning heist. Security cameras captured the four masked intruders breaking into Afghan Lapis Jewelry on Ventura Boulevard. They're heard barking out commands to each other in Spanish while crawling on the ground. They eventually made their way into another room containing the store's alarm system. "They dug a hole from teh store that is vacant next door," the owner's brother Amir Nassiri said. Nassiri said they used a blowtorch to slice open the two steel safes and escaped with hundreds of thousands in valuables. "The safe was cut open, both of them," Nassiri said. "Everything he had, everything he owned, is gone." Nassiri said he and his brother opened the jewelry store more than 42 years ago, but his brother recently took over the business. They did not have insurance. Days later, the smell of scorched metal still lingers in the safe room. "He doesn't know what he is going to do next. Investigators are trying to determine if the burglary is related to similar heists in Simi Valley and downtown Los Angeles. An online fundraiser has been created to help the owner of Afghan Lapis. "He has nothing else to build on, to work on, or anything," Nassiri said.
Daily Mail
3 days ago
- Entertainment
- Daily Mail
EXCLUSIVE Teddi Mellencamp's new boyfriend revealed: Man making cancer-hit star smile again, after devastating health update and messy divorce
Teddi Mellencamp has been spotted packing on the PDA with a mystery new boyfriend - just months after announcing her divorce from Edwin Arroyave following an alleged affair with her horse trainer. The Real Housewives of Beverly Hills star, 43, appeared totally smitten with her new lover in Encino, a neighborhood in the San Fernando Valley region of Los Angeles, on Sunday.
Yahoo
3 days ago
- Business
- Yahoo
EOG strengthens Utica presence with $5.6bn acquisition deal
EOG Resources has entered into a definitive agreement to acquire Encino Acquisition Partners from the Canada Pension Plan Investment Board and Encino Energy for $5.6bn, including net debt. This move is set to transform EOG's standing in the Utica shale play, significantly expanding its net core acres. The acquisition will elevate EOG's Utica position to 1.1 million net acres, with undeveloped net resources of more than two billion barrels of oil equivalent per day (bboe/d). The deal is expected to be immediately accretive to EOG's net asset value and per-share financial metrics, enhancing annualised EBITDA (earnings before interest, taxes, depreciation and amortisation) by 10%, and cash flow from operations and free cash flow by 9%. EOG's acquisition of Encino's assets will expand its liquids-rich acreage in the volatile oil window by 235,000 net acres, creating a contiguous position of 485,000 net acres. It also adds 330,000 net acres in the natural gas window, with production exposed to premium markets. EOG's working interest in the northern acreage, where it has seen excellent well results, will increase by more than 20%. The operational expertise and increased scale from the acquisition are expected to generate more than $150m in synergies in the first year. These synergies will come from reduced capital, operating and debt financing costs. Additionally, the acquisition supports EOG's strategy of returning capital to shareholders, evidenced by a 5% increase in dividends. EOG's board of directors has declared a dividend of $1.02 per share, to be paid on 31 October 2025 to shareholders on record as of 17 October 2025. The annual rate indicated is $4.08. The transaction, expected to close in the second half of 2025, is subject to Hart-Scott-Rodino Act clearance and other customary conditions. EOG chairman and chief executive officer Ezra Y. Yacob said: "This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets. Encino's acreage improves the quality and depth of our Utica position, expanding EOG's multi-basin portfolio to more than 12 billion barrels of oil equivalent net resource.' "EOG strengthens Utica presence with $5.6bn acquisition deal" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Metro
4 days ago
- Entertainment
- Metro
Pop star Pixie Lott announces pregnancy mid-performance at Mighty Hoopla
Noughties pop star Pixie Lott has confirmed she's pregnant with baby number two. The All About Tonight hitmaker is already a doting mum to Albert, whom she and husband Oliver Cheshire welcomed in October 2023. Now, the singer, 34, has announced that she and model Oliver, 36, are expanding their family. Mid-performance at Mighty Hoopla 2025, a festival at Brockwell Park in south London, she declared: 'I'm having another baby!' Pixie – real name Victoria Louise Lott – covered her blossoming bump for the occasion, sporting a vibrant red mini dress as she gave it her all on stage. She wore her famous blonde locks in curls and was surrounded by dancers, her name in bold lettering on the screen behind her. Pixie, who rose to fame with hits such as Mama Do and Kiss the Stars, recently returned to music after an extensive break, releasing her first album in 10 years, Encino, last September. More Trending Oliver has been by her side throughout her rise to stardom, having met him in 2010 at a Select Model catwalk show. After tying the knot at Ely Cathedral three summers ago, Pixie announced she was expecting their first child the following June. She waited until she was 31 weeks into her pregnancy before the news became public, writing at the time: 'We are beyond excited to announce we are expecting our first child together and cannot wait to start a family of our own.' Got a story? If you've got a celebrity story, video or pictures get in touch with the entertainment team by emailing us celebtips@ calling 020 3615 2145 or by visiting our Submit Stuff page – we'd love to hear from you.
Yahoo
6 days ago
- Business
- Yahoo
EOG Resources bets big on Ohio oil boom with $5.6 billion Encino deal
EOG Resources is making a big bet on an Ohio oil boom with the $5.6 billion acquisition of leading Buckeye State producer Encino Acquisition Partners announced May 30. EOG, ranked 169 in the Fortune 500, is considered a leading trendsetter in the world of U.S. shale oil and gas. Essentially, where EOG explores or acquires, others tend to follow. With nearly half of the nation's record-high oil production coming from the booming Permian Basin, the West Texas shale play is maturing, and leading players are looking for future avenues to churn out more oil volumes. EOG has now identified the Utica as a key position for the future. 'It's not often that a transformative event like this comes along for a company,' EOG chairman and CEO Ezra Yacob said in a call with analysts. Encino is Ohio's largest oil producer and the state's third-biggest producer of natural gas. Houston-based EOG already had established a footprint in Ohio's emerging oil window in the Utica Shale, which was previously known just for natural gas. But the Encino deal will increase EOG's Utica volumes from 40,000 barrels of oil equivalent per day to about 275,000 barrels daily with plenty of room to grow. The deal gives EOG a third 'foundational pillar' along with the Permian and South Texas' Eagle Ford Shale, Yacob said, with the chance to transform Ohio's Utica from an emerging oil position to a true oil boom. 'The exciting thing for us is, with this transaction, we're really moving the Utica position from being an emerging asset into one that can easily scale up and handle more activity as it's become a real foundational core asset for the company,' Yacob added. EOG intends to buy Encino, including its debt in the $5.6 billion total, from parent Encino Energy and the Canada Pension Plan Investment Board for $3.5 billion of debt and $2.1 billion in cash on hand. 'Most importantly,' Yacob said, EOG will not use any equity in the deal. EOG is known for its organic growth and exploration, rarely making big deals. EOG's last major acquisition was nine years ago for Yates Petroleum in the Permian's western Delaware Basin. 'This acquisition is more than a timely opportunity,' Yacob said. 'It represents a strategic advancement in the deliberate and methodical process that EOG has taken to study the Utica and apply our operational excellence to build a high-quality, low-cost position through a combination of organic leasing, small bolt-on acquisitions, mineral purchases, and, finally, a large transformative acquisition.' The acquisition includes Encino's 675,000 net core acres, increasing EOG's Utica position to a combined 1.1 million net acres, representing more than 2 billion barrels oil equivalent of undeveloped resources, according to EOG. The deal is expected to close in the second half of 2025. While the timing is unexpected amid oil pricing volatility, the deal could end up well-timed as EOG makes a big move for a 'dominant Utica position,' said Kevin MacCurdy, managing director of Pickering Energy Partners, in an analyst note. 'We expect the market will have many questions for EOG given their prior reluctance to make an acquisition, but we think this resembles the type of deal they have been looking for and could be a potential better use of cash that is sitting on the balance sheet,' MacCurdy added. The deal also potentially helps jumpstart oil and gas dealmaking again after the industry has been largely frozen in a wait-and-see mode since President Trump's tariff announcements in early April. When the timing of the deal was questions, Yacob highlighted that the acreage also gives EOG a stronger position for Utica natural gas, especially as gas demand is prepared to take off from new liquefied natural gas export facilities and the data center construction boom. 'We see significant upside on the gas play here. So, it gives us a strong option,' Yacob said. 'This is the timing that worked out for the stakeholders involved,' he said. 'We do see and recognize the near-term volatility in the oil markets. That's balanced by what we see to be a stronger momentum on that natural gas demand story in North America. We've long held that 2025 would be a bit of an inflection point for natural gas demand.' This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
