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NYMEX HENRY-HUB GAS

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Natural gas driller EQT Corp seeking to buy CNX Resources - Bloomberg News

10/22/2020 | 04:18pm EDT

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 COVID-19 pandemic.

Both EQT and CNX declined to comment on the news. (Reporting by Arundhati Sarkar in Bengaluru; Eiting by Devika Syamnath)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CNX RESOURCES CORPORATION -5.09% 13.79 Delayed Quote.27.69%
EQT CORPORATION -3.71% 20.49 Delayed Quote.61.21%
LONDON BRENT OIL -0.38% 72.44 Delayed Quote.43.56%
WTI -0.22% 70.521 Delayed Quote.50.22%
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