In one of the first corporate takeovers since commodity prices nosedived in 2014, Range Resources Corp. (NYSE: RRC) has agreed to acquire Memorial Resource Development Corp. (NASDAQ: MRD), giving Range a strong Gulf Coast presence.

However, analysts don’t view the deal signaling a wave of M&A activity from distressed E&Ps.

Fort Worth, Texas-based Range said May 16 it entered a definitive merger agreement to acquire all of Memorial Resource Development’s outstanding stock in an all -stock transaction valued at $4.4 billion, including the assumption of Memorial’s $1.1 billion of debt. Click here to read more ...

Emily Moser