Which M-U Drillers are Likely Next Targets for Acquisition?

M&A, or mergers & acquisitions, is on everyone’s mind in the oil and gas industry. Particularly in the Marcellus/Utica region. EQT, under the leadership of Toby Rice, already the largest natural gas producer in the country, has been on the prowl. In the past eight months EQT has picked up all of Chevron’s M-U assets (see EQT Buys Chevron M-U Assets for $735M, Floats $350M in New Stock) and most recently, EQT picked up all of Alta Resources’ M-U assets (see EQT Buys Alta Res. PA Assets for $2.9B in “Transformative” Deal). EQT is still in the hunt (see Even After Chevron, EQT Still in Hunt to Buy CNX, Other Producers). Who’s next on the list to get acquired? We have some possibilities.