EQT to buy Range Resources in over $50 billion all-stock deal

· Oil & Gas · United States

EQT Corp. has agreed to acquire Range Resources in an all-stock deal valued at more than $50 billion including debt. The combined company would produce more than 9 billion cubic feet equivalent per day of Appalachian gas, and the two companies describe the result as the largest vertically integrated natural gas producer in the United States. The transaction consolidates two major shale gas operators in the same basin and is being framed around expectations of record U.S. gas demand. The deal's size makes it one of the largest combinations in the U.S. shale sector, and it would reshape the competitive landscape for Appalachian gas supply.

Why it matters：A deal of this size consolidates U.S. shale gas supply into fewer, larger hands just as demand expectations rise, which could shift pricing power and influence how quickly Appalachian gas reaches export and power markets.

Key points

  • All-stock structure, valued above $50 billion including debt
  • Combined output exceeds 9 billion cubic feet equivalent per day
  • Companies call the result the largest vertically integrated U.S. gas producer

Sources (original reporting)

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