Energy Bankers Get a Hot Meal

May 17, 2016

In merging, Range Resources and Memorial Resource Development have thrown each other a lifeline and starving energy bankers a bone.

I wrote here about how Range’s takeover of Memorial, structured as an all-stock deal, was like a disguised equity issuance to bolster the balance sheet. At $4.4 billion, it is also the largest deal between two North American exploration and production companies since Encana bought Athlon Energy for $6.8 billion in late 2014, Bloomberg data show.

BloombergGadfly, May 17, 2016

Michelle Foss, Chief Energy Economist, Bureau of Economic Geology, Jackson School of Geosciences