Headlines: Range Resources Expands Beyond Marcellus Shale

In this week's video sponsored by NavPort, one of the first corporate takeovers since the decline in commodity prices took place this week as Range Resources agreed to acquire Memorial Resource Development Corp. in an all-stock transaction valued at $4.4 billion. Meanwhile, we’ve seen a larger amount of debt in the bankruptcy process so far in May than all of last year. In a little over two weeks, a staggering $17.7 billion has come under Chapter 11 bankruptcy protections, compared to $17.2 billion for 2015.

Sources:

• Range Resources To Expand Beyond Marcellus Shale Through Merger
• A Mirthless May: Bankruptcies Fell E&Ps; Halcon Next
• Stalking Horse Bidder Rice Energy Thrown By Rival In The Marcellus
• EnerVest's Cornucopia Adds $1.3 Billion In Eagle Ford Delicacies