One-Page Deal Sheet
EQT, Range Resources Develop JV Plan for Appalachian Basin
Range Resources Corp EQT Corp
Announced Date
September 01,2007
Close Date
May 18,2007
Transaction Type
JV
Enterprise Value (EV)($MM)
315
Asset/Basin:
{"Appalachian Basin"}
TargetZones:
{"Coal Bed Methane (
Transaction Details: Subscribe to see
Equitable Resources Inc. and Range Resources Corporation announced today that they have agreed to a development plan for the Nora Field, a gas field located in Southwestern Virginia.
The companies own interests in the Nora Field, which encompasses approximately 1,600 producing wells and more than 300,000 gross acres under lease. Under the plan, Equitable and Range will equalize their interests in the Nora Field, including the producing wells, undrilled acreage and gathering system. To equalize the interests, Range will pay to Equitable and a newly formed gathering joint venture between the…
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