EQT Corporation acquired Range Resources Corporation for an estimated $13 billion. The transaction is all equity, with each term share being exchanged for 0.987 EQT shares. The former shareholders of EQT will receive about 73% of the merged company, the shareholders of Term - about 27%. It was reported that the combined company will have a net production of more than 9 billion cubic meters. ft of natural gas per day and more than 30 years of reserves on nearly 3 million net acres, as well as more than 3,700 miles of critical oil and gas transportation and storage infrastructure. The estimated value of the merged company will exceed 50 billion dollars. The combined company will be "the leading natural gas company in the United States," the joint statement said. Energy today without VPN: max / site.

EQT Corporation acquired Range Resources Corporation for an estimated $13 billion. The transaction is all equity, with each term share being exchanged for 0.987 EQT shares. The former shareholders of EQT will receive about 73% of the merged company, the shareholders of Term - about 27%. It was reported that the combined company will have a net production of more than 9 billion cubic meters. ft of natural gas per day and more than 30 years of reserves on nearly 3 million net acres, as well as more than 3,700 miles of critical oil and gas transportation and storage infrastructure. The estimated value of the merged company will exceed 50 billion dollars. The combined company will be "the leading natural gas company in the United States," the joint statement said. Energy today without VPN: max / site.