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Range pares back Permian exposure with EQT swap
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Report summary
On 30 April 2014 Range Resources announced that it had entered into an agreement with EQT Corporation to swap out its Permian assets located in Glasscock and Sterling counties, Texas. In exchange, Range will acquire an operated interest in acreage and related infrastructure in the Nora Field in Virginia, resulting in Range gaining 100% ownership of the asset. Range will also receive from EQT a cash consideration of US$145 million.
Table of contents
- Executive Summary
- Upstream Assets
- Deal Analysis
- Strategic Rationale
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