Shale

A tall drilling rig with a red-and-white mast stands on a levelled gravel pad at the foot of a wooded hill in autumn colours, seen across a field of ripe brown soybeans under a clear blue sky.

EQT Is Paying a 21 Per Cent Premium for Range Resources, in Stock. By Our Arithmetic, the Premium Equals Almost Seven Years of the Promised Savings.

EQT agreed on 25 October to buy Range Resources in an all-stock deal, giving 0.987 EQT shares for each Range share. Range holders would own about 27 per cent of the combined natural gas producer, which the companies value at more than $50 billion including debt. Both sets of shareholders must vote, and the deal is not expected to close before the first quarter of 2027.

By Daniel Okafor 3 hours ago

A black and red oil pumpjack stands in a green field under heavy dark storm clouds.

Business

Devon Is Selling 4 Per Cent of Its Production for $4.2 Billion. The Buyer Has Now Made 10 Eagle Ford Deals Since 2023.

Devon Energy agreed on Thursday to sell its Eagle Ford shale assets to Crescent Energy for $4.2 billion in cash. The assets produce about 68,000 barrels of oil equivalent a day. Devon says it will use the proceeds to buy back shares and cut debt.

By Cory Chamberlain October 10, 2026

Tagged stories

EQT Is Paying a 21 Per Cent Premium for Range Resources, in Stock. By Our Arithmetic, the Premium Equals Almost Seven Years of the Promised Savings.

Devon Is Selling 4 Per Cent of Its Production for $4.2 Billion. The Buyer Has Now Made 10 Eagle Ford Deals Since 2023.