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There were $250 billion worth of deals in the U.S. oil and gas industry in 2023, and the trend doesn’t seem to be slowing down in 2024. The latest deal occurred in the natural gas sector on March 11, when soon-to-be No. 2 U.S. natural gas producer EQT Corporation (EQT) said it agreed to buy Equitrans Midstream (ETRN) in an all-stock deal that values its former pipeline unit at about $14 billion, including debt. Each share of Equitrans common stock will be exchanged for 0.3504 share of EQT. The backdrop for this deal is a global gas glut that has pummeled prices, forcing producers to curb outpu…

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