Thank you for the article. Do you see this setting off more M&A activity in the Appalachia basin? If so, what companies do you think will be involved and benefit?
Not sure how much this deal catalyzes others, but I absolutely expect more Appalachian M&A--the complicated midstream situation means there is a real advantage to scale. Gut feeling is that CNX is a seller, Range is a buyer, Ascent/Gulfport merge at some point. Coterra I think sells the NE PA asset. Expand I think could go either way. EQT is of course still a buyer.
Thank you for the article. Do you see this setting off more M&A activity in the Appalachia basin? If so, what companies do you think will be involved and benefit?
Not sure how much this deal catalyzes others, but I absolutely expect more Appalachian M&A--the complicated midstream situation means there is a real advantage to scale. Gut feeling is that CNX is a seller, Range is a buyer, Ascent/Gulfport merge at some point. Coterra I think sells the NE PA asset. Expand I think could go either way. EQT is of course still a buyer.
Thank you for your insight. I appreciate your thoughts and your writing.
This article is brilliant. An abject lesson in how much I have yet to learn.
thanks for reading!