Tuesday, 27 October 2026

EQT Corp. has agreed to acquire Range Resources Corp. in an all-stock transaction combining two of the largest natural gas producers in Appalachia, according to World Oil.

The combined company would have net production of more than 9 Bcfed, according to Oil & Gas Journal.

It would operate more than 3,700 miles of midstream assets and control more than 30 years of inventory across about 2.8 million net acres in Appalachia.

The transaction is expected to close in the first quarter of 2027, subject to regulatory and shareholder approvals.

Ovintiv Canada ULC agreed to acquire Logan Energy Corp. in an all-cash transaction valued at about USD 890 million, or CAD 1.26 billion, including assumed net debt.

The deal adds about 20,000 boe/d of production, 266,000 net acres and over 400 drilling locations in Alberta's Montney fairway, according to Oil & Gas Journal. Of the net acres, about 200,000 are core acreage and 80% remain undeveloped.

Ovintiv estimates the acquisition will generate about USD 60 million per year in cost synergies, primarily through reduced capital, operating and overhead costs.

The transaction is expected to close early in the first quarter of 2027, subject to Logan shareholder, court and regulatory approvals, according to World Oil.

A CEPR column published on voxeu.org argues that the shale revolution altered the way oil shocks move through the US economy.

The column traces the change to the shift from heavy petroleum importer to net exporter. On that reading, bad news about oil supply is now less contractionary and may support economic activity in some cases, with gains reaching past the oil sector itself.

The authors write that the Federal Reserve now faces a more favourable trade-off between activity and inflation, while households and firms still carry exposure to higher energy costs.

Brent crude reached its highest level since late April after Houthi attacks in Saudi Arabia raised concern over further disruption to energy supplies from the Middle East, according to PerthNow.

The move came during a turbulent week for equities. The Dow Industrials and S&P 500 closed lower, while technology shares steadied to end the week, PerthNow reported.

Higher fuel prices pushed U.S. CPI inflation to 3.7% in the latest data, according to Moneyweb.

The U.S. Federal Reserve raised its policy interest rate in September after initially taking a wait-and-see approach, Moneyweb reported.

In Canada, the latest inflation increase was largely driven by a 6.1% monthly jump in gasoline prices.