Energy Prospectus

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