Baytex Energy to acquire Eagle Ford shale operator Ranger Oil for $2.5bn
Canadian oil and gas company Baytex Energy has agreed to acquire Eagle Ford shale operator Ranger Oil Corporation in a cash and stock deal worth around $2.5 billion, including the latter’s net debt of $650 million. Under the terms of the deal, Ranger Oil’s shareholders will exchange each of their shares for 7.49 shares of […]