Rising Phoenix Royalties Acquires Another Range Resources Marcellus Basin Mineral Acquisition
Jan 06, 2022•over 3 years ago
Acquiring Company
Rising Phoenix Royalties
Acquired Company
Another Range Resources Marcellus Basin Mineral Acquisition
Media And Entertainment
Description
Rising Phoenix Royalties (RPR) reveals another natural gas royalty acquisition spanning 98 net royalty acres in the Marcellus Shale, Washington County, PA. Range Resources Corporation, (NYSE:RRC), a leading US independent natural gas and NGL producer, is the well-site operator.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed