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EQT to acquire Range Resources in $50 billion deal to create largest US natural gas producer
🇺🇸 United States · Economy · Pennsylvania · 4 h ago
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The merger creates America’s largest natural gas producer, with a combined value of $50 billion.
The merged business would produce more than 9 billion cubic feet equivalent daily in Appalachia, and EQT expects $325 million in annual savings within two years.
Two Top U.S. Natural Gas Producers To Combine In $13 Billion Deal
The transaction is expected to close during the first quarter of 2027, subject to regulatory approvals and clearances, EQT and Range shareholder approval and other typical closing conditions.
Two representatives, including Range CEO Dennis Degner, will join EQT's board.
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