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EQT to create biggest US natgas producer with $6.7bn Rice deal

EQT Corp was set to leapfrog Exxon Mobil as the largest US natural gas producer after saying on Monday it agreed to a deal to buy fellow Appalachian gas and oil firm Rice Energy for $6.7-billion. The tie-up would join two of the largest players in the Marcellus and Utica Shale formations, which stretch across much of Pennsylvania and Ohio and are ideally situated to supply gas throughout the US Northeast.

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