Drilling rigs of Encana Oil & Gas in Colorado. Photo: Hyoung Chang/The Denver Post via Getty Images

Encana Corp., a big Canadian firm with substantial U.S. operations, said Thursday that it's buying Newfield Exploration in a $5.5 billion stock transaction.

Why it matters: The deal will make Encana one of the biggest shale producers in North America, according to Reuters. Newfield has a big position in Oklahoma's prolific Anadarko Basin, as well as acreage in Utah and North Dakota.

The big picture: It's the latest of several big deals in the U.S. sector this year.

  • Earlier this week, Chesapeake Energy announced plans to buy WildHorse Resource Development in a $3 billion transaction.
  • In August, the Permian basin player Diamondback Energy said that it's buying Energen via a $9.2 billion deal, while Concho Resources announced the $9.5 billion acquisition of RSP Permian in March.
  • BP announced a $10.5 billion deal to acquire most of BHP Billiton's U.S. shale assets in July.

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Demonstrators rally on Tuesday near the location where Walter Wallace was killed by two police officers in Philadelphia, Pennsylvania. Photo: Mark Makela/Getty Images

The Pennsylvania National Guard was mobilized Tuesday during a tense second night of protests in Philadelphia over the fatal police shooting of Walter Wallace, a 27-year-old Black man.

Driving the news: Philadelphia Mayor Jim Kenney (D) and Police Commissioner Danielle Outlaw said in a joint statement Monday that police were launching a "full investigation" to answer questions that arose from video that captured part of the incident with police.

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Mookie Betts slides home safely to give the Dodgers a 2-1 lead. Photo: Tom Pennington/Getty Images

The Los Angeles Dodgers won their seventh World Series in franchise history with a 3-1 Game 6 victory over the Tampa Bay Rays on Tuesday. Shortstop Corey Seager was named the series MVP.

The big picture: It's the Dodgers' first championship since 1988, though they've won the NL West division in eight straight seasons and reached the World Series three times in the last four years.