EQT Corp.

EQT Corp., the largest natural gas producer in the United States, agreed Monday to buy former entity Equitrans Midstream Corp., bringing back together Appalachian-based giants in what executives said was a game-changing opportunity. The all-stock transaction, estimated Monday at around $5.5 billion, would hold 27.6 Tcfe of proved reserves across nearly two million net acres.…

Natural gas futures spiked in early trading Monday after the largest U.S. natural gas producer announced a “strategic production curtailment” to help the market negotiate a supply glut driven by mild weather. The April Nymex contract was up 13.5 cents to $1.970/MMBtu as of 8:27 a.m. ET. May was up 12.8 cents to $2.103. Appalachian…

Despite crashing prices, executives at EQT Corp. said the U.S. natural gas market is not as oversupplied as most think, suggesting the stage is being set for a rebound.  Henry Hub has traded below $2/MMBtu for seven straight sessions. The contract hasn’t been this low since June 2020 during the Covid-19 pandemic. NGI’s Weekly Spot…

As congressional pushback against the Biden administration’s pause of LNG export permits heats up, EQT Corp. CEO Toby Rice said U.S. producers and exporters already have work ahead to abate the potential damage to project development. Rice joined a panel of witnesses Tuesday during a House Energy and Commerce subcommittee hearing. It was one of…