Canada’s Baytex Energy to acquire Houston-based Ranger Oil Corp. in $2.5B deal

Canada-based Baytex Energy Corp.’s (NYSE: BTE) acquisition of Houston-based Ranger Oil Corp. (Nasdaq: ROCC), which was formed from the merger of Houston-based Penn Virginia Corp. and Fort Worth-based Lonestar Resources, comes nearly a decade after Baytex entered the Eagle Ford through another acquisition.