Friday, January 2, 2026

Range Resources Closes $4.2 Billion Memorial Acquisition

Range believes Terryville returns rival the Southern Marcellus Range Resources (ticker: RRC), the legacy shale gas developer credited with discovering the Marcellus shale play, announced today that it completed the merger agreement under which RRC will acquire all of the outstanding shares of common stock of Memorial Resource Development (ticker: MRD). The all-stock transaction is valued at approximately $4.2 billion including the

Oil Prices Up Over 1% as Libyan Crude Shipments are Delayed

Oil prices climbed higher as a battle for Libya’s Sidra and Ras Lanuf ports delays crude shipments Crude oil prices rose over 1% this morning as fighting for one of Libya’s key oil ports delayed shipments out of the country. The Libyan ports of Sidra and Ras Lanuf changed hands twice over the weekend, preventing oil shipments from departing, and