EQT Corp. continues to wait for antitrust regulators to clear its $5.2 billion acquisition of Tug Hill Inc.’s upstream and midstream assets in West Virginia, and management now expects to provide more details on the timing of the transaction around the middle of the year.


The deal, which would add 800 MMcfe/d of production from properties near EQT assets, was originally expected to close in 4Q2022. It was announced last September.  

EQT has consolidated the Appalachian Basin in recent years, where it now holds more than one million net acres. Management is working to comply with a second request from federal regulators seeking more information about the transaction. However, CEO Toby Rice said the company’s mergers and acquisition strategy would remain unchanged. It...