EQT Corp.
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Company says changes will increase efficiency, improve operational focus and reduce approximately $50 million in annual G&A costs…
The recent coup to seize control of EQT Corp. has the Rice brothers back in business.
The company plans to use the ‘combo development’ style as part of its efforts to drive down costs and improve efficiency.
Moody’s changed the rating outlook for EQT to negative from stable citing weak gas prices and the successful proxy campaign against…
Toby Rice was also named president and CEO of EQT, succeeding the shale gas giant’s former top exec Robert McNally.
New Financings
Priced a public offering of 10.5 million common shares at $67 each, upsized from original 9.5 million…
Public offering of 6.5 million common shares was priced at $58.50 each. Underwriter was granted an option…
EQT Corporation subsidiary, EQT Midstream Partners LP, has filed a registration statement with the SEC…
Activity Highlights
PA
United States
Pittsburgh, Pa.-based EQT Corp. completed a Marcellus Shale well, #593745 Haywood, in Washington County, Pa. According to the company, it is the longest lateral completed to date by any Marcellus operator. The horizontal well was drilled to 25,…
EQT Corp. announced plans to drill 119 Marcellus Shale wells, with 76 in Pennsylvania and 43 in West Virginia in 2017. The wells will be drilled from multiwell pads and will have an average lateral length of 7,000 ft. The drilling program will…
WV
United States
EQT Corp. has announced results from a Utica Shale test in Wetzel County, W. Va. The #513926 WV is producing 31.294 MMcf of gas with 1.85 Mbbl of water per day from perforations at 13,638-19,973 ft. It was drilled to 19,998 ft, with a true…
Greene
PA
United States
EQT Corp. is under way at a Greene County, Pa., Utica Shale test. The #592686 Johnston was permitted in 2014 to a total depth of 22,318 ft, 13,656 ft true vertical. The horizontal well will be drilled from an existing Marcellus Shale pad. EQT…
Greene
PA
United States
A Utica Shale discovery by EQT Resources Inc. was tested during a 24-hour period flowing 72.9 MMcf of gas. Located in the dry gas portion of the play in Greene County, Pa., #591340 Scotts Run was drilled to 20,348 ft with a 3,221-ft lateral that…
Transactions
DGO Unveils $575 Million Acquisition Of Appalachia Assets
DGO Unveils $575 Million Acquisition Of Appalachia Assets
Gulfport Energy To Sell Interest In Strike Force Midstream
Gulfport Energy To Sell Interest In Strike Force Midstream
Natgas Producer EQT To Spin Off Midstream Operations Amid Investor Pressure
Natgas Producer EQT To Spin Off Midstream Operations Amid Investor Pressure
Natgas Producer EQT To Spin Off Midstream Operations Amid Investor Pressure
Natgas Producer EQT To Spin Off Midstream Operations Amid Investor Pressure