EQT to Take in Tug Hill-THQ Appalachia's 800 MMcfe/d for $5.2B
Transaction Type
Buyers
Basin
Appalachian Basin; Marcellus Shale; Utica Shale
Announce Date
Post Date
Estimated Price
$5,200.0MM
Description
To acquire THQ Appalachia I LLC (Tug Hill)'s upstream assets and THQ-XcL Holdings I LLC (XcL Midstream)'s gathering and processing assets, both backed by Quantum Energy Partners, in the Appalachian Basin offsetting existing West Virginia core leasehold. (Expected to close 4Q 2022)