The Marcellus shale stepped out of the huge shadow cast by the Permian Basin and recorded the largest single upstream M&A deal of Q2/2017, according to new analysis from Evaluate Energy. The deal will see EQT Corp. acquire Rice Energy Inc. for US$8.2 billion, comprised of stock, cash and the assumption of US$1.5 billion in debt. The Marcellus also saw another significant deal in Q2, whereby Noble Energy Inc. agreed to sell its position in the play for just over US$1 billion. In total, deals involving Marcellus assets totalled US$9.4 billion in Q2/2017, the highest ever quarterly M&A spend in the play.
http://www.jwnenergy.com/article/2017/7 ... al-q22017/
Carrizo Oil & Gas (CRZO) will be move back to our Small Cap Growth Portfolio
EQT being added to our Sweet 16
EQT being added to our Sweet 16
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group