EQT Corp. said Monday it has returned the 1 Bcfe/d of Appalachian production to sales this month that was curtailed in May. The company deferred the volumes as prices eroded from the coronavirus impact on demand. EQT started bringing back the production earlier this month and said it has so far seen no issues with…
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EQT Corp. said in a regulatory filing on Monday it may incur a steep one-time impairment of up to $1.8 billion for the fourth quarter due to a new development plan and low natural gas prices.
EQT Corp.’s new management team plans to slash spending significantly next year and unload up to $1.5 billion in assets to help cut debt and fulfill the promises made by CEO Toby Rice when he campaigned for control of the company.
EQT Corp. CEO Toby Rice told an industry audience in Pittsburgh on Wednesday that “shale works,” insisting that the country’s leading unconventional oil and gas producers will increasingly demonstrate the economics of their assets and more consistently deliver stronger returns as the investment community pushes for better results.
Pittsburgh-based EQT Corp. is cutting 23% of its workforce, or 196 jobs, as it presses ahead with a new direction led by CEO Toby Rice.
Equitrans Midstream Corp. CEO Thomas Karam said Tuesday he’s encouraged by the strategy EQT Corp.’s management team unveiled last week, saying it could partly insulate the company from a downturn if commodity prices continue to slide and curb more activity in the Appalachian Basin.
Change seemed imminent earlier this month when CEO Toby Rice took the helm at EQT Corp., but under his management the company is drastically overhauling how it spends money and in the process redefining how active the nation’s largest natural gas producer will be going forward.
EQT Corp. dug in this week, rejecting nine board nominees put forward by Rice Energy co-founders Toby Rice and Derek Rice, calling the brothers’ campaign nothing more than an attempt to promote the family’s interests.
Appalachian pure-play EQT Corp. on Thursday increased 2019 guidance by 10 Bcfe, even after dropping three rigs during the first quarter to drill fewer wells this year, all at no expense as the company remains focused on improving results in the face of a shareholder revolt.
EQT Corp. said it made significant progress in the first quarter on a strategic plan initiated late last year to generate more value and stave off an attempt by shareholders Toby and Derek Rice to take over the company, now the nation’s largest gas producer.