Toby Rice

Stories

EQT to acquire Range Resources, creating largest US natural gas producer

Leads combined company after merger closes

EQT agreed on Oct. 26 to buy Range Resources in an all-stock deal that would make it the largest US natural gas producer. Range shareholders get 0.987 EQT shares for each share they own, about 27% of the combined company, in a transaction valued at $13.7 billion including $881 million of Range debt.

Updated Nov 3

Notable Quotes

"The Range transaction increases our market access to what we believe are the two premium markets in this world - domestically in Appalachia and on the international front with LNG," Rice told Reuters.

from EQT to acquire Range Resources, creating largest US natural gas producer · Updated Nov 3

"Increasing our production base with Range is going to give us the ability to increase our LNG capacity, still maintain our 15% strategic target (and) increase our LNG exposure."

from EQT to acquire Range Resources, creating largest US natural gas producer · Updated Nov 3