Pipeline Owners Beware: EQT May Let Range’s Pipe Contracts Expire
When EQT announced on Oct. 26 that it would buy Range Resources (see EQT Swallows Range Resources in $50B Merger: Biggest M-U News Ever!), most of the talk was about size. The combined company will be the biggest gas producer in the country, eclipsing current #1 Expand Energy. A new analysis from East Daley Analytics looks at a different question: what happens to the pipeline companies that move Range's gas and liquids? East Daley's answer: much of the money EQT hopes to save will come from letting Range's pipeline contracts expire. That's bad news for some big pipeline owners, starting in 2028. And EQT management hinted at the same thing on deal day.To view this content, log into your member account. (Not a member? Join Today!)