Fresh off a proxy battle win, EQT Corp.’s newly named president and CEO Toby Rice laid out a plan July 25 that leverages technology and better development planning, aiming to improve operations for one of the biggest producers of natural gas in the U.S.

“A well-designed development schedule planned 36 months in the future is the key to consistent operational execution that will drive lower well costs and more free cash flow,” Rice said on the company’s second-quarter 2019 earnings call with analysts.

The call came about two weeks after shareholders ushered in a new board and management team for the company with Rice at the helm. The move closed a proxy fight led by Rice and one of his brothers, Derek Rice, against EQT. Pointing to poor operational results, the Rice brothers had claimed the company had been mismanaged since they sold Rice Energy to EQT in 2017.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access