EQT has agreed to buy Range Resources, which would create the largest natural gas producer in the US, according to Bloomberg and the Financial Times. Reports differ on the deal's size: Reuters says more than $50 billion, the Wall Street Journal a $13 billion stock swap.
EQT and Range Resources are both major US natural gas producers, with large operations in the Appalachian Basin. The topic follows a proposed combination of the two companies, which would form the country's biggest gas producer.
EQT agreed to buy Range Resources, creating the largest natural gas producer in the US, according to Bloomberg and the Financial Times. Reuters puts the deal at more than $50 billion, while the Wall Street Journal describes a $13 billion stock swap.