Live Feeds
● LIVE Updated 1h ago · 13 sources tracked

EQT to buy Range Resources in all-stock Appalachian blockbuster deal - Pittsburgh Post-Gazette

EQT Corporation has announced an all-stock acquisition of Fort Worth-based Range Resources Corporation valued at $13 billion. The transaction will combine the company that pioneered the Marcellus Shale with the operator that turned it into an industrial-scale operation, creating the largest natural gas producer in the United States. The combined company will be valued at more than $50 billion and will control nearly three million acres in the Appalachian basin, operating from EQT headquarters in Pennsylvania. The purchase remains subject to regulatory approval.

🎙️

Listen to Live Briefing

Real-time synthesized voice briefing · Live Feeds Desk

⏱ ~3 min
Speed:
RSS Source map (13)
⚡ Key Developments & Real-Time Context
Text size:
  • ✓ EQT Corporation announced plans to acquire Range Resources Corporation in an all-stock deal valued at $13 billion.
  • ✓ The combined company will form the largest natural gas producer in the United States.
  • ✓ The new company will have a value of more than $50 billion and control nearly three million acres in the Appalachian basin.
  • ✓ The transaction unites the first company to pioneer the Marcellus Shale with the one that turned it into an industrial operation.
🛡️ Source Corroboration: 13 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

EQT Corporation announced a $13 billion all-stock agreement to acquire Range Resources Corporation and form the nation's largest natural gas producer.

Live updates

  1. EQT To Buy Range Resources In $13 Billion All-Stock Deal

    EQT Corporation has announced an all-stock acquisition of Fort Worth-based Range Resources Corporation valued at $13 billion. The transaction will combine the company that pioneered the Marcellus Shale with the operator that turned it into an industrial-scale operation, creating the largest natural gas producer in the United States. The combined company will be valued at more than $50 billion and will control nearly three million acres in the Appalachian basin, operating from EQT headquarters in Pennsylvania. The purchase remains subject to regulatory approval.

    Why it matters

    This merger consolidates two major players in the Appalachian natural gas basin, uniting key upstream assets into a single vertically integrated producer. The deal reflects industry positioning to meet projected records in United States natural gas demand. Legal scrutiny has already begun regarding the fairness of the buyout valuation for shareholders.

    What is confirmed

    • EQT Corporation announced plans to acquire Range Resources Corporation in an all-stock deal valued at $13 billion.
    • The combined company will form the largest natural gas producer in the United States.
    • The new company will have a value of more than $50 billion and control nearly three million acres in the Appalachian basin.
    • The transaction unites the first company to pioneer the Marcellus Shale with the one that turned it into an industrial operation.
    • The combined gas producer will be run from EQT's Pennsylvania headquarters.

    Still unconfirmed

    • Ademi LLP is investigating whether the buyout fairly values Range Resources Corporation for its shareholders.

    What to watch next

    • Regulatory approval process for the $13 billion acquisition
    • Shareholder votes and potential legal actions regarding buyout valuation
    Sources used for this update (13)
    1. Pittsburgh Post-Gazette — EQT to buy Range Resources in all-stock Appalachian blockbuster deal
    2. Reuters — EQT to buy Range Resources in $13 billion deal to create top US gas producer
    3. Bloomberg.com — EQT to Buy Range Resources, Creating Largest US Gas Producer
    4. Investor's Business Daily — Two Top U.S. Natural Gas Producers To Combine In $13 Billion Deal
    5. Financial Times — EQT to buy Range Resources in natural gas megadeal
    6. Crude Oil Prices Today | OilPrice.com — EQT Bets on Record U.S. Gas Demand With $50 Billion Range Takeover
    7. WSJ — EQT to Buy Range Resources in $13 Billion Stock Swap
    8. Morningstar — RRC SHAREHOLDER ALERT: ADEMI LLP INVESTIGATES WHETHER BUYOUT FAIRLY VALUES RANGE RESOURCES CORPORATION
    9. www.post-gazette.com — EQT to buy Range Resources in all-stock deal | Pittsburgh Post-Gazette
    10. www.timeswv.com — EQT to buy Range Resources in all-stock Appalachian blockbuster deal
    11. dallasinnovates.com — Fort Worth-Based Range Resources to Be Acquired by EQT in $13B All-Stock Deal
    12. wvmetronews.com — EQT acquires Range Resources to form the nation's largest ...
    confidence 95%
📊

Community Sentiment: How do you assess this situation?

Voice your perspective · Real-time aggregated sentiment from the Live Feeds community