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Third-Party Issues Seen Challenging EQT Operations Into 2023

Third-Party Issues Seen Challenging EQT Operations Into 2023

Supply chain issues, midstream constraints and adverse weather combined to curb EQT Corp.’s third quarter natural gas output and are likely to impact the company’s operations through the middle of next year, management said last week. “These third-party constraints, along with water restrictions due to drought conditions in parts of the [Appalachian] basin, negatively impacted…

November 2, 2022
EQT Reports $1.6B Loss in 3Q on Natural Gas Derivatives

EQT Reports $1.6B Loss in 3Q on Natural Gas Derivatives

EQT Corp. said in a regulatory filing late Tuesday it expects to report steep losses on derivatives for the third quarter as U.S. natural gas prices have hit their highest levels in more than a decade.  In a Form 8-K filed with the U.S. Securities and Exchange Commission, EQT forecast a $1.6 billion loss on…

October 12, 2022
U.S. Natural Gas Heavyweights Launch Coalition to Export More LNG

U.S. Natural Gas Heavyweights Launch Coalition to Export More LNG

EQT Corp., the largest U.S. natural gas producer, has teamed up with midstreamers TC Energy Corp. and Williams to establish a coalition that will focus on increasing American LNG exports to help displace dirtier fuels abroad and lower greenhouse gas emissions. The Partnership to Address Global Emissions, or PAGE, would help develop and promote policies…

October 11, 2022
Quantum Energy Partners to Take Major Position in EQT After $5.2B Transaction

Quantum Energy Partners to Take Major Position in EQT After $5.2B Transaction

EQT Corp. said late Tuesday it would bolt-on 90,000 net acres and associated midstream assets in West Virginia in a cash and stock transaction valued at $5.2 billion. EQT, the nation’s largest natural gas producer, is acquiring upstream assets from THQ Appalachia I LLC and midstream assets from THQ XcL Holdings I LLC. Both companies…

September 7, 2022
Proposed Pennsylvania LNG Export Terminal in Talks to Commercialize Project

Proposed Pennsylvania LNG Export Terminal in Talks to Commercialize Project

An East Coast LNG export terminal that would tap into vast amounts of feed gas from the Appalachian Basin is aiming to pre-file with federal regulators by the end of the year and reach a final investment decision by 2024. The 7.2 million metric tons/year (mmty) facility would be located at a yet-to-be-determined site along…

August 31, 2022
EQT Exploring Equity Stake in LNG Export Capacity, Deals With Overseas Gas Buyers

EQT Exploring Equity Stake in LNG Export Capacity, Deals With Overseas Gas Buyers

EQT Corp. is in discussions with multiple liquefied natural gas (LNG) end-users across the world and may invest in liquefaction capacity as the call for U.S. exports grows.  The country’s largest natural gas producer already sells volumes to U.S. export terminals. It moves 1 Bcf/d from the Appalachian Basin to the Gulf Coast. However, the…

April 28, 2022
EQT’s Chief Wants U.S. LNG Unleashed for ‘Largest Green Initiative on Planet’

EQT’s Chief Wants U.S. LNG Unleashed for ‘Largest Green Initiative on Planet’

The CEO of EQT Corp., the largest natural gas producer in the United States, on Wednesday said leveraging the nation’s natural gas exports could aid foreign allies and reduce global emissions. On the third day of CERAWeek by S&P Global as natural gas took center stage, CEO Toby Z. Rice made the case to use…

March 10, 2022
EQT Chief Again Cautions Against Limiting U.S. LNG Exports

EQT Chief Again Cautions Against Limiting U.S. LNG Exports

EQT Corp., the nation’s largest natural gas producer, again cautioned against limiting U.S. liquefied natural gas (LNG) exports, saying such a move would further increase prices in the Northeast and harm the environment. CEO Toby Rice said a request to review the impact of LNG exports on domestic prices and halt pending permit approvals in…

February 18, 2022
EQT Developing ‘Next Generation’ of Unconventional Wells in Appalachia

EQT Developing ‘Next Generation’ of Unconventional Wells in Appalachia

EQT Corp. now expects the Mountain Valley Pipeline (MVP) to come online in 2023, which could help narrow its natural gas price differentials and ease Appalachian takeaway constraints, but management acknowledged last week that the “specter of timing” continues to loom over the project. EQT has capacity booked on the system and a stake in…

February 14, 2022
EQT, Seneca Capture Certification Designations for Appalachian Natural Gas

EQT, Seneca Capture Certification Designations for Appalachian Natural Gas

The amount of U.S. natural gas gaining a certification designation is moving up, with Appalachian pure-plays EQT Corp. and Seneca Resources Corp. each gaining the designation for supply. EQT, the largest U.S. gas producer, said 80% of its supply has been certified, giving it a potential leg up for premium pricing. EQT, which produced an…

January 18, 2022
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