Oct 22 (Reuters) - EQT Corp, the largest U.S.
natural gas producer, is considering buying rival CNX Resources
, Bloomberg News reported on Thursday, citing people
familiar with the matter.
EQT had recently sent a takeover proposal to CNX Resources,
the report https://bloom.bg/35m1oow said, adding that no final
decision has been made.
Last month, Reuters reported that EQT had bid for Chevron
Corp's Appalachia gas properties and a pipeline stake.
Deal-making has recently picked up pace among oil-focused
U.S. producers slammed by the rout in energy prices during the
Both EQT and CNX declined to comment on the news.
(Reporting by Arundhati Sarkar in Bengaluru; Eiting by Devika