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EQT Launches Pilot to ‘Responsibly’ Produce Appalachian Natural Gas for Global Market

EQT Launches Pilot to ‘Responsibly’ Produce Appalachian Natural Gas for Global Market

EQT Corp., the Lower 48’s largest natural gas producer, has launched a pilot program to demonstrate that the fossil fuel can be produced in an environmentally responsible way as buyers across the world continue demanding higher standards. EQT has partnered with environmental monitoring company Project Canary to continuously measure methane emissions and obtain certification that…

January 28, 2021
EQT Continues Appalachian Consolidation by Bolting on Chevron Assets for $735M

EQT Continues Appalachian Consolidation by Bolting on Chevron Assets for $735M

EQT Corp. continues adding to its massive position in the Marcellus and Utica shales, saying late Tuesday that it has acquired all of Chevron Corp.’s Appalachian assets for $735 million in a deal expected to boost operating efficiencies and free cash flow.   Expected to be completed by year’s end, the sale includes 450 MMcfe/d of…

October 28, 2020
EQT Restarts Appalachia Natural Gas Volumes, but Warns More Shut-ins Possible

EQT Restarts Appalachia Natural Gas Volumes, but Warns More Shut-ins Possible

EQT Corp., the largest natural gas producer in the Lower 48, said Thursday it has ended another round of curtailments, but management said it won’t hesitate to continue shutting in volumes as low prices warrant.  The Appalachian pure-play had curtailed about 400 MMcf/d beginning Sept. 1, cutting 15 Bcf from third quarter production volumes. The…

October 22, 2020
EQT Brings Back 1 Bcfe/d in Appalachia as Natural Gas Demand Said Improving

EQT Brings Back 1 Bcfe/d in Appalachia as Natural Gas Demand Said Improving

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…

July 27, 2020

Appalachian Heavyweight EQT Warns of $1B-Plus Impairment for Fourth Quarter

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.

January 13, 2020

EQT Puts $1.5B of Assets on Market in Push to Cut Costs Further

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.

October 31, 2019
Shale Economics Work, EQT Chief Tells Industry Crowd

Shale Economics Work, EQT Chief Tells Industry Crowd

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.

October 24, 2019

EQT Cuts Staff by 23% as Transition Continues Under New Management

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.

September 11, 2019
Equitrans Sees Benefits in EQT’s Combo Development Strategy

Equitrans Sees Benefits in EQT’s Combo Development Strategy

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.

July 31, 2019

EQT’s New Rice Team Cutting Drilling, Mulling Asset Sales

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.

July 25, 2019
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